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Warehouse robotics system Exotec raises $335 million



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French startup Exotec has raised a $335 million Series D round in a new round of funding led by Goldman Sachs’ Growth Equity business. Following today’s investment, the company has reached a valuation of $2 billion.
Exotec sells a complete end-to-end solution to turn a regular warehouse into a partially automated logistics platform. It’s a hardware and software solution that replaces some human tasks.
83North and Dell Technologies Capital also participated in the funding round. Previous Exotec investors include Bpifrance, Iris Capital, 360 Capital Partners and Breega.
Image Credits: Exotec
The key component of the Exotec system is called the Skypods. These low-profile robots roam the floor autonomously. When they’re next to the right rack, they can go up the rack to pick up a bin and then go down with the right bin. This is particularly useful to increas …

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