On the job with Locus Robotics’ bots, called “LocusBots.” Courtesy of Locus RoboticsRobots that can help retailers keep up with Amazon are a hot commodity, and investors are taking notice. Today, one of these industrial robotics makers, Locus Robotics, said that it had raised $150 million led by Tiger Global and Bond at a $1 billion valuation as e-commerce surged. “We are excited about this unicorn valuation,” CEO Rick Faulk told Forbes. And those robots have picked a total of more than 300 million units, including 70 million during the recent holiday season. Locus’ competitors include Fetch Robotics and GreyOrange, among other robotics firms.

Source: Forbes February 17, 2021 15:08 UTC