Seems Locus Robotics is striking while the iron is hot. Seven months after raising a sizable $150 million Series E, Tiger Global is investing another $50 million in the Massachusetts firm. The last round made Locus a unicorn, and this one brings the company’s total funding to around $300 million.
Locus specializes in warehouse and fulfillment robotics, making a more modular solution that doesn’t require the sort of “ground-up build” of a Berkshire Grey. The company’s approach is closer to that of Fetch, which was acquired by Zebra Technologies back in July. Locus seems prime for an acquisition from a logistics firm or retailer grappling to compete with the monolith of Amazon.
The continued funding rounds, on the other hand, seem to point to a company looking to continue to go it alone.
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