https://techcrunch.com/2021/02/17/locus-robotics-has-raised-a-150m-series-e/

Massachusetts-based Locus Robotics today announced a $150 million Series E. The round, led by Tiger Global Management and Bond, brings the firm’s total to around $250 to date, and values the robotics company at $1 billion. Locus is notable for a more modular and flexible solution for automating warehouses than many of its competitors (see: Berkshire Grey). The company essentially leases out robotic fleet for organizes looking to automate logistics.

“We can change the wings on the plane while it’s flying,” CEO Rick Faulk tells TechCrunch. Basically no one else can do that. Companies want flexible automation. They don’t want to bolt anything to the floor. If you’re a third-party logistics company and you have a two, three, four-year contract, the last thing you want to do is invest $25-$50 million to buy a massive solution, bolt it to the floor and be locked into all of this upfront expense.”