American startup Locus Robotics has raised $25m in a series B funding round. The funds will be used to support the expansion of Amazon fleet of warehouse robots. The company uses a subscription model called "Robots-as-a-Service" (RaaS), allowing customers to hire their technology without making a large capital investment. The company was created to provide an alternative service for former customers of robotics company Kiva Systems, which stopped servicing its existing user base in 2015 after being acquired and renamed by Locus'.
American startup Locus Robotics has raised $25m in a series B funding round. The funds will be used to support the expansion of Locus' fleet of warehouse robots. The company uses a subscription model called "Robots-as-a-Service" (RaaS), allowing customers to hire their technology without making a large capital investment. The company was created to provide an alternative service for former customers of robotics company Kiva Systems, which stopped servicing its existing user base in 2015 after being acquired and renamed by Amazon.