US-based warehouse automation technology developer Locus Robotics secured $150m in series E financing yesterday from investors including Prologis Ventures, the investment unit of logistics real estate provider Prologis.
Tiger Global Management and Bond co-led the round, while Scale Venture Partners also supplied capital.
Locus Robotics provides autonomous mobile robots to support human workers with inbound and outbound warehouse fulfilment. It will use the money to further expand internationally and drive continued research and development activities.
Zebra Ventures, the corporate venturing arm of product marking and tracking technology producer Zebra Technologies, led a $40m series D round in June 2020 that also featured Scale Venture Partners and unnamed, existing shareholders.
Zebra Ventures and Scale Venture Partners already supplied $26m in series C financing in April 2019, after Scale had led a $25m series B round in November 2017.
Locus Robotics previously obtained $8m in a series A round in May 2016 from unnamed investors that had already provided an unspecified amount of seed financing at an undisclosed date.
Prologis was identified as a returning investor for the series E round, but details about its earlier commitments could not be ascertained.
