Locus Robotics’ $25bn fund underlines developments in 3PL market

Locus Robotics, the internationally acclaimed provider of autonomous mobile robots for use in e-commerce fulfillment warehouses, has apparently secured a mammoth amount of USD 25 million in a Series B funding round, led by Scale Venture Partners. It has been reported that this funding holds particular significance in third party logistics industry, as it seems to be taking retail one step closer to automated supply chains.For the uninitiated, e-commerce fulfillment warehouses, of late, have been combating with the severe pressure of meeting the surging demand for accurate quick order fulfillment, in the backdrop of significant labor challenges. Amidst this crucial scenario, Locus Robotics is apparently one of those few third-party market giants that has emerged over the recent years to narrow the gap and enhance the warehouse operations with a potential robotics partner, cite experts.

For the record, Locus Robotics has been at the forefront of third party logistics market since for a while now. Toward the first quarter of 2017, the company made it to the headlines with the announcement of its novel navigation software launch for a streamlined coordination between the robots operating at the same fulfillment and warehouse center.  While Locus is presently not in a financial condition to pull up a massive step like purchasing a Robotics company like Amazon, reports cite that Locus’ RaaS (Robots-as-a-Service) subscription model has brought robotically-driven fulfillment processes within the reach of a majority of retailers and e-commerce giants, without the requirement of making a hefty capital investment.

As per reliable sources, Locus Robotics’ Series B funding round, which also encompassed existing investors, came on the heels of the company’s plan to expand overseas. Allegedly, through this move, the organization is also planning to reinforce its sales and marketing tactics, by increasing investments in new product development and emerging market trends.

DHL, the renowned third party logistics market giant, that had been long running an integrated pilot program in its supply chain model using Locus robots, is now officially signed as a customer of Locus Robotics, cite sources.