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Locus Robotics, founded in 2014 and headquartered in Wilmington, Massachusetts, is a leading provider of AI-driven warehouse automation solutions. The company specializes in autonomous mobile robots (AMRs) that work collaboratively with humans to enhance productivity and operational efficiency in warehouses, serving sectors such as third-party logistics, retail, e-commerce, healthcare, and industrial sectors.
Locus Robotics has demonstrated significant growth and innovation in the rapidly expanding warehouse automation market. The company's LocusOne platform, which enables enterprise-wide AMR deployments and performance management, has garnered attention for its versatility and adaptability. Locus has also successfully implemented a Robot-as-a-Service (RaaS) model, facilitating customer adoption while establishing predictable recurring revenue streams.
As of November 2022, Locus Robotics reported over $100 million in contracted recurring revenue, according to Business Insider. The company has raised approximately $430 million in funding, with its most recent Series F round in November 2022 valuing the company at $2 billion. Key investors include Tiger Global Management, Goldman Sachs, and Prologis Ventures.
While there have been reports of potential IPO plans, no official announcement has been made. In March 2023, CEO Rick Faulk stated, "Next leg in our financing will be an IPO. Probably. We have the numbers to do it now. The market conditions are not right to do it, for all the reasons you know." However, it's important to note that these statements are not guarantees of future actions, and the company's plans may change based on market conditions and other factors.
Factors that could influence Locus Robotics' IPO decision include the overall state of the global economy, market conditions for technology IPOs, and the company's continued growth and financial performance. The increasing demand for warehouse automation solutions, driven by e-commerce growth and labor shortages, may also play a role in the company's strategic decisions.
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While Locus Robotics' IPO prospects remain uncertain, investors eager to gain exposure to the robotics and automation sector don't have to wait. At Linqto, we offer members access to interests in promising pre-IPO private companies, including potential leaders in the robotics industry. Our platform allows you to diversify your portfolio with lower minimum investments, potentially benefiting from the growth of innovative companies like Locus Robotics before they go public.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
