Tech Company Financing Transactions
Locus Robotics Funding Round
Locus Robotics, operating out of Wilmington, secured $25 million in funding from Scale Venture Partners and private investors.
Transaction Overview
Company Name
Announced On
11/21/2017
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Series B
Investors
Scale Venture Partners (Lead Investor) (Rory O'Driscoll)
Proceeds Purpose
The company will use the Series B proceeds to extend its leadership position by making increased investments in product development and go-to-market activities, as well as to expand into international markets.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
301 Ballardvale St.
Wilmington, MA 01887
USA
Wilmington, MA 01887
USA
Phone
Website
Email Address
Overview
We have a deep warehouse heritage and in-depth, first-hand experience with the development and evolution of warehouse automation. Our founders were early adopters of robotics technology to improve warehouse productivity. They quickly discovered what robots are capable of doing -- and what they can't do.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Rick Faulk
Chief Financial Officer
Larry Griffin
Chief Financial Officer
Dustin Pederson
Chief Marketing Officer
Karen Leavitt
Chief Operating Officer
Michael Johnson
Chief Technical Officer
Sean Johnson
VP - Bus. Development
Lou Jaquez
VP - Bus. Development
Denis Niezgoda
VP - Customer Service
Jasmine Lombardi
VP - Engineering
Michael Sussman
VP - Human Resources
Tracy Simek
VP - Sales
Al Dekin
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Where The Data Comes From
Our team works diligently to report on tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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