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WILMINGTON, Mass., Dec. 12, 2023/PRNewswire/ -- Locus Robotics, a leader in autonomous mobile robots (AMR) for fulfillment and distribution warehouses, was named "Powerhouse Robotics Company of the Year" at the 2023 NEVY Awards Gala organized by the New England Venture Capital Association (NEVCA). The award recognizes Locus Robotics' rapid growth, technical innovation and impact on revolutionizing warehouse productivity over the past year.
"We are proud to receive this prestigious recognition from NEVCA and its members," said Rick Faulk, CEO of Locus Robotics. "This award speaks to the tremendous dedication and talent of the entire Locus Robotics team in creating innovative warehouse automation technology. It also underscores the critical role that venture capital funding plays in advancing the development of warehouse robotics. cutting edge, especially here in Boston and throughout the New England area.
Faulk specifically credited Locus investors, including Goldman Sachs, G2 Venture Partners, Scale Ventures, Bond Capital and others, for providing the capital needed to fuel Locus' rapid expansion and technological advancement. He also thanked NEVCA and Boston's venture capital community for fostering an ecosystem where robotics and advanced automation technology can thrive.
"The support of visionary investors and partners has positioned Locus at the forefront of the next generation of intelligent warehouse automation," Faulk continued. "This recognition motivates us to continue pushing the boundaries of AMR solutions and deliver even greater productivity gains to our customers around the world."
About Locus Robotics
Locus Robotics' revolutionary multibot solution incorporates powerful, intelligent autonomous mobile robots that operate in collaboration with human workers to dramatically improve 2X-3X part handling efficiency, with less labor than traditional picking systems. Locus helps retailers, 3PLs, and specialty warehouses efficiently meet and exceed the increasingly complex and demanding requirements of fulfillment environments. Easily integrating into new and existing large-scale warehouse infrastructures without disrupting workflows, Locus transforms productivity without transforming the warehouse.
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