On Tuesday, Tiger Global led not one but two big funding rounds, announcing its role in a $26 million Series A for Ambi and an additional $50 million for Locus Robotics. The firm has been so active in investing of late, that neither one of these companies cracked Alex’s coveted “Today’s Tiger round” in our daily newsletter (that honor went to a $150 million round for Indonesian fintech company Xendit).
It’s fair to say that Tiger is bullish about robotics as a category. Other rounds in recent months include $36.7 million for Rapid Robotics and $100 million for Path — both Series B. All of the rounds are head-turning in the robotics world, and they represent a broad scope under the larger robotics umbrella. Ambi and Locus both operate (though address different problems) in the logistics/fulfillment spaces, while Path and Rapid deal with construction and manufacturing, respectively.