Locus Robotics Revenue, Valuation, Funding & Investors
Locus Robotics is valued at $1.4B as of August 2026.
Last Locus Robotics valuation
$1.4B
Undisclosed stage · Aug 2026
Last Locus Robotics funding round
$42M
Undisclosed stage · Aug 2026
Locus Robotics revenue
$150M
Series F · Nov 2022
Key investors in Locus Robotics
Scale Venture Partners
Tiger Global
Zebra Ventures
Goldman Sachs Asset Management
Bond
Prologis Ventures
About Locus Robotics
Locus Robotics is a Wilmington, Massachusetts-headquartered manufacturer of autonomous mobile robots designed for e-commerce fulfillment and warehouse operations. Its LocusBots navigate facilities using onboard AI to pick and transport totes, boosting order throughput by 2X to 3X while maintaining 99.95% accuracy. The fleet management software coordinates hundreds of robots in shared spaces with human workers, integrating with warehouse management systems like Manhattan Associates and SAP. Deployed in over 100 facilities worldwide, the robots handle peak holiday volumes for retailers such as Boots, DHL Supply Chain, and SpeedCommerce. Founded in 2014, Locus Robotics has raised over $150 million in funding and operates in North America, Europe, and Asia.
Founded
2014
HQ
Wilmington, DEWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$150M (Nov 2022)
Valuation
$1.4B (Aug 2026)
Locus Robotics Valuation
Locus Robotics is currently valued at $1.4B, based on its undisclosed-stage round in August 2026.
Locus Robotics' valuation has grown 1.4x from $1B at its Series E in February 2021 to $1.4B in August 2026, across 3 priced rounds.
Locus Robotics valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Aug 2026 | Undisclosed stage | $1.4B | - |
| Nov 2022 | Series F | $2B | 13.3x |
| Feb 2021 | Series E | $1B | 6.7x |
Locus Robotics Revenue
Locus Robotics' latest recorded revenue is $150M, as of its Series F in November 2022. At a $2B valuation, that implies a 13.3x revenue multiple.
Revenue moved from $150M in February 2021 to $150M in November 2022, while the revenue multiple moved from 6.7x to 13.3x.
Locus Robotics revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2022 | $150M | $2B | 13.3x | Series F |
| Feb 2021 | $150M | $1B | 6.7x | Series E |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Locus Robotics Funding History
Locus Robotics has raised a total of $458M across 8 funding rounds.
Locus Robotics' first fundraising round was a $8M Series A in May 2016. The most recent completed round was a $42M undisclosed-stage round in August 2026.
Locus Robotics funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Undisclosed stage | - | $42M | $1.4B | Locus Robotics raised $41.6 million in a Series G financing in August 2026, with a post-money valuation of $1.35 billion. The round was backed by undisclosed investors, and the financing was structured as primary equity at a price per share of $31.31. The financing extends Locus Robotics’ late-stage growth story as it continues scaling autonomous mobile robots for warehouse fulfillment and distribution operations. The company has built its business around robot-assisted picking, putaway, and transport workflows for logistics and e-commerce customers, positioning itself in industrial automation and warehouse robotics. Locus Robotics is based in Wilmington, Massachusetts, and was founded in 2014. The company had raised more than $400 million across prior rounds before this financing, and the August 2026 round increased its total funding further as it pursued expansion in warehouse automation and broader market adoption. |
| Nov 2022 | Series F | G2 Venture Partners (lead); Goldman Sachs Asset Management (lead) | $117M | $2B | Locus Robotics is a specialist provider of autonomous mobile robots (AMRs) for warehouse fulfillment and distribution operations. The company's core product is a 5-foot tall collaborative robot (co-bot) with a 2-foot circular base designed to work alongside human workers, transporting items from warehouse shelves to conveyor belts or packing stations. Founded in Wilmington, Massachusetts, Locus has established itself as a market leader in the warehouse automation space. In November 2022, Locus Robotics announced a Series F funding round of $117 million led by Goldman Sachs Asset Management and G2 Venture Partners, bringing the company's valuation to approximately $2 billion. This round was notably oversubscribed and included participation from additional investors such as Silicon Valley Bank and other backers. Mark Midle from Goldman Sachs and Zach Barasz from G2 Venture Partners joined the company's board of directors as part of this strategic investment round. By the time of the Series F round, Locus had demonstrated significant traction in the market. The company counted more than 90 customers worldwide, including major logistics and retail players such as CEVA Logistics, DHL, Material Bank, Boots UK, GEODIS, Ryder, Verst Logistics, and Radial. In September 2022, just two months before the funding announcement, Locus reached the milestone of one billion picks processed by its robots, underscoring the scale of its operations and customer adoption. CEO Rick Faulk indicated that the company was preparing for an initial public offering, stating that with financial support from this round, Locus would be ready to go public within 12 to 24 months if market conditions permitted. The funding round was designed to accelerate industry leadership, support global expansion, and strengthen the company's position in a market increasingly focused on flexible robotics automation to address labor shortages and meet growing order volumes in supply chain operations. |
| Sep 2021 | Series E | Tiger Global (lead) | $50M | - | Locus Robotics, based in Wilmington, Massachusetts, develops autonomous mobile robots (AMRs) for warehouse fulfillment to address labor shortages and increasing e-commerce volumes. The company secured $50 million in additional funding from Tiger Global Management on September 14, 2021, following its $150 million Series E round in February 2021 led by Tiger Global and Bond, bringing total funding to around $310 million at that time. This investment, described as an extension of the Series E, aimed to accelerate global expansion, product development, and scaling of warehouse automation initiatives to meet growing customer needs. Tiger Global partner Griffin Schroeder highlighted Locus Robotics' proven technology, flexible design, and customer focus amid rising labor costs and demanding e-commerce demands. CEO Rick Faulk emphasized the critical role of scalable robotics in supply chain digital transformation during volumes growth and labor challenges. The funding supported international growth and R&D enhancements, building on partnerships like providing robotics for Stord's innovation warehouse in Atlanta. Locus Robotics continued raising capital post-2021, including a $117 million Series F in November 2022 reaching toward $2 billion valuation, with total funding exceeding $400 million across multiple rounds from investors like G2 Venture Partners, Goldman Sachs, and Scale Venture Partners. |
| Feb 2021 | Series E | Bond (lead); Tiger Global (lead); Scale Venture Partners; Prologis Ventures | $150M | $1B | Locus Robotics develops autonomous mobile robots (AMRs) for warehouse automation, with its LocusBots navigating facilities to transport pick items to associates, integrating with existing warehouse systems and providing real-time dashboards. The robots support various picking strategies, reducing manual tasks and errors while boosting productivity for customers in logistics, retail, and healthcare sectors. By the time of the February 2021 Series E round, Locus had deployed about 4,000 robots across 80 sites, primarily in the U.S., with expansions into Europe, U.K., and plans for Australia and APAC; its bots had picked over 300 million units, including 70 million during the recent holiday season, serving over 40 customers like DHL, CEVA Logistics, GEODIS, and Boots UK. In February 2021, Locus Robotics closed a $150 million Series E funding round led by Tiger Global Management and BOND (Bond Capital), with participation from existing investors including Scale Venture Partners and Prologis Ventures, achieving a $1 billion post-money valuation and unicorn status. This brought total funding to approximately $255 million since its 2014 founding, following a $40 million Series D in June 2020. The capital was earmarked for global market expansion, including a new European headquarters in Amsterdam, further R&D in warehouse technology, and internal growth, with the company having doubled its size in the prior year and planning continued hiring across engineering, marketing, and operations. The round positioned Locus amid rising demand for flexible automation solutions addressing warehouse labor shortages and volume surges. CEO Rick Faulk highlighted its role in digital transformation within the massive global warehousing market. Subsequent rounds included a $50 million Series E extension in September 2021 led by Tiger Global and a $117 million Series F in November 2022 led by G2 Venture Partners and Goldman Sachs, valuing the company near $2 billion, with total funding reaching $416-438 million across rounds. |
| Jun 2020 | Series D | Zebra Ventures (lead); Scale Venture Partners | $40M | - | Locus Robotics develops autonomous mobile robots (AMRs) for warehouse fulfillment, enabling collaborative robots to work with humans to boost picking productivity by doubling or tripling output with high accuracy and cost savings of 30% or more. Customers include DHL, UPS, CEVA, GEODIS, Boots UK, Port Logistics Group, Verst Logistics, and Radial. By early 2020, Locus robots had exceeded 100 million units picked at a DHL facility, with DHL committing to deploy 1,000 robots that year and UPS piloting them. In June 2020, Locus closed a $40 million Series D round led by Zebra Ventures, with participation from existing investor Scale Venture Partners, bringing total funding to over $105 million following the $26 million Series C in April 2019. Funds supported R&D for new robotics innovations and global expansion, including a European HQ in Amsterdam and strategic reseller partnerships amid e-commerce-driven warehouse automation demand accelerated by COVID-19. The round positioned Locus to serve retail, industrial, healthcare, and 3PL sectors navigating pandemic challenges, enhancing operational efficiency for fast delivery. Later rounds achieved higher valuations: ~$1B post-money in Feb 2021 Series E ($150M raised) and close to $2B in Nov 2022 Series F ($117M raised). Total funding reached $416M-$438M across rounds by 2022. |
| Apr 2019 | Series C | Scale Venture Partners (lead); Zebra Ventures (lead) | $26M | - | Locus Robotics, founded in 2014 and based in Wilmington, Massachusetts, develops autonomous mobile robots (AMRs) for warehouse automation, particularly e-commerce order fulfillment. Its LocusBots work collaboratively with humans via the LocusONE platform and LocusEmpower software, integrating with warehouse management systems to handle picking, replenishment, sorting, and more. The company offers a Robotics-as-a-Service (RaaS) model, allowing scalable deployments without large upfront capital costs. On April 22-23, 2019, Locus Robotics raised $26 million in a Series C round led by Scale Venture Partners and Zebra Ventures, bringing total funding to over $66 million since spinning out of Quiet Logistics in 2015. The investment aimed to support European market expansion, product development including Spring 2019 features like omnichannel picking, putaway functionality, auto-recharging, and traffic management, and hiring across sales, marketing, engineering, and customer success. CEO Rick Faulk highlighted demand driven by labor shortages and e-commerce growth, with interest from clients like DHL. Later sources note total funding reaching $117 million by around 2022 and $416 million over seven rounds, including a $117 million Series F in November 2022 at $2 billion post-money valuation led by G2 Venture Partners and Goldman Sachs. |
| Nov 2017 | Series B | Scale Venture Partners (lead) | $25M | - | Locus Robotics, a Wilmington, MA-based startup, develops autonomous mobile robots (AMRs) for warehouse automation, offering a Robots-as-a-Service (RaaS) model that enables customers to deploy solutions without large capital investments. The company was founded by early adopters of Kiva Systems technology, who created an improved system empowering human pickers with collaborative mobile robots and software. In November 2017, Locus raised $25 million in a Series B round led by Scale Venture Partners, with participation from existing investors. The funds were intended to scale production, expand market reach, and enter international markets while building its subscription-based robot fleet. This Series B followed a $8 million Series A in May 2016 to develop and launch initial AMRs. By April 2019, Locus secured a $26 million Series C led by Zebra Ventures and Scale Venture Partners, bringing total funding to around $66 million at that point, aimed at enhancing product features and increasing warehouse deployments amid rising demand for flexible automation. The company has attracted interest from major players like DHL and competes with systems like Amazon's Kiva and Fetch Robotics in warehouse fulfillment. Subsequent rounds included larger investments such as $150 million at a $1 billion post-money valuation in 2020, multiple Series E rounds totaling over $200 million in 2021 led by Tiger Global and others, and a $117 million Series F in November 2022 led by G2 Venture Partners and Goldman Sachs Asset Management, valuing the company near $2 billion. Total funding exceeds $400 million across 11 rounds from investors including Bond Capital, Prologis, and SVB. |
| May 2016 | Series A | - | $8M | - | Locus Robotics raised $8 million in its Series A funding round in May 2016 to develop and launch initial autonomous mobile robots for warehouse automation. Lead investors were not publicly disclosed. The company, based in Wilmington, develops AMRs designed for fulfillment and distribution centers to improve productivity amid labor shortages. Locus Robotics has since raised additional rounds, including a $25 million Series B in November 2017 led by Scale Venture Partners to scale production and expand market reach. Later rounds include a $150 million Series E in February 2021 at $1 billion valuation, achieving unicorn status, and a $117 million Series F in November 2022 valuing the company close to $2 billion. Total funding exceeds $400 million, with deployments at over 230 global sites and milestones like the one-billionth pick. Customers include DHL, Boots UK, and CEVA Logistics, with LocusBots navigating warehouses to transport pick items and support various picking strategies. The company continues expanding robotics and AI R&D for warehouse execution and global supply chain efficiency. |
Who has invested in Locus Robotics?
7 investors have backed Locus Robotics across its funding rounds, including Scale Venture Partners, Tiger Global, Zebra Ventures, Goldman Sachs Asset Management, Bond and Prologis Ventures.
Lead investors include G2 Venture Partners, Goldman Sachs Asset Management, Tiger Global, Bond, Zebra Ventures and 1 other investor.
Locus Robotics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 4 | Lead | Nov 2017 | |
| Chicago, IL | 2 | Lead | Apr 2019 | |
| New York City, NY | 2 | Lead | Feb 2021 | |
| San Francisco, CA | 1 | Participant | Feb 2021 | |
| San Francisco, CA | 1 | Lead | Nov 2022 | |
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Start Free TrialAcquisitions by Locus Robotics
Locus Robotics has acquired 2 companies to date.
Last acquisition by Locus Robotics was on May 18th 2026. Locus Robotics acquired Nexera Robotics for undisclosed valuation.
Latest Acquisitions by Locus Robotics
| Description | Nexera Robotics is a technology company offering grasping solutions combining software and hardware for robotic automation. Its platform enables universal object manipulation for industrial and logistics robots. Nexera Robotics develops AI-driven grippers compatible with cobots from Universal Robots and others. The firm targets warehouses and manufacturing lines for pick-and-place applications. | Waypoint Robotics is a Boston-based manufacturer of autonomous mobile robots for material handling in warehouses and factories. Founded in 2017, it produces the Waypoint Vector series, including tuggers and carts with 1,000-pound payloads navigable via SLAM technology. The robots integrate with warehouse management systems from Manhattan Associates and Körber, deployed at sites for Amazon suppliers and automotive plants like Ford. Accessory docks enable battery swapping for 24-hour operations. |
| HQ Country |  | |
| HQ City | Vancouver | Nashua, NH |
| Deal Date | 18 May 2026 | 20 Sep 2021 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
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Locus Robotics Competitors
Locus Robotics competitors include listed companies like Arcs Co and Zen Technologies, and private ones like HAI ROBOTICS, Exotec, Geek+ and Quicktron Robotics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Shenzhen | Private | - | - | $1.5B | - | |
 Lille | Private | $100M | - | $2B | 20.0x | |
| Beijing | Private | $150M | - | $2B | 13.3x | |
| Shanghai | Private | - | - | $2.3B | - | |
 Japan | Publicly listed | $4B | $185M | $1.3B | 0.2x | |
 India | Publicly listed | $72M | $27M | $1.6B | 15.5x |
Locus Robotics Public Comps
Locus Robotics is still privately-owned, but its public comps include Arcs Co, Kraken Robotics, Braiin, Zen Technologies, Googol Technology, Plejd, Red Cat Holdings, Afcon Holdings, ROKAE Robotics and Allient.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4B | $185M | 0.2x | 0.2x | 4.8x | 4.9x | |||
| $73M | $10M | 16.1x | 6.7x | 119.9x | 28.6x | |||
| $73M | ($15M) | 15.8x | 13.0x | (76.1x) | 89.6x | |||
| $72M | $27M | 21.0x | 15.5x | 56.2x | 42.4x | |||
| $82M | $14M | 18.9x | 18.9x | 111.1x | 91.4x | |||
| $95M | $32M | 11.4x | 9.1x | 33.6x | 25.2x | |||
| $41M | ($72M) | 19.0x | 6.6x | (10.7x) | (8.8x) | |||
| $555M | $57M | 2.2x | - | 21.5x | - | |||
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Common questions about Locus Robotics
| When was Locus Robotics founded? | Locus Robotics was founded in 2014. |
| Where is Locus Robotics headquartered? | Locus Robotics is headquartered in Wilmington, DE, United States. |
| Is Locus Robotics publicly listed? | No, Locus Robotics is a private, VC-backed company. |
| What is Locus Robotics' valuation? | Locus Robotics was last valued at $1.4B in its undisclosed-stage round in August 2026. |
| How much funding has Locus Robotics raised? | Locus Robotics has raised $458M across 8 funding rounds. |
| What was Locus Robotics' last funding round? | Locus Robotics' last funding round was a $42M undisclosed-stage round in August 2026. |
| Who are Locus Robotics' investors? | Locus Robotics' investors include Scale Venture Partners, Zebra Ventures, Tiger Global, Prologis Ventures, G2 Venture Partners, Goldman Sachs Asset Management and Bond. |
| What is Locus Robotics' revenue? | Locus Robotics' latest recorded revenue is $150M (November 2022). |
| What is Locus Robotics' revenue multiple? | Locus Robotics' latest valuation implies a 13.3x revenue multiple ($2B valuation on $150M of revenue). |
| Which companies are comparable to Locus Robotics? | Companies comparable to Locus Robotics include HAI ROBOTICS, Exotec, Geek+, Quicktron Robotics, Arcs Co and Zen Technologies. |
| How many companies has Locus Robotics acquired? | Locus Robotics has acquired 2 companies, including Nexera Robotics and Waypoint Robotics. |
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