Warehouse
Exotec raised $335 million in a Series D round to grow its Skypod business.
A dated step forward on the record · Company-reported
What the source says
“Exotec raised $335 million in Series D funding to scale its automated storage and retrieval system (ASRS) technology.”
What it means
Skypod, from Exotec, is at stage 4 of 5 on our ladder: paying customers. Its stage is set by other milestones on its record; this one adds to the history. This line rests on the company's own announcement; no regulator, customer or independent report confirms it in our sources yet.
Human help: Our sources report it working without human help.
More on Skypod
- Exotec launched a new generation of Skypod with a smaller robot that can handle both single items and whole cases.
- Exotec said its robots were bringing out more than one million storage boxes a day across all its sites.
- Exotec said it had sold more than $1 billion of systems and was working at more than 100 customer sites.
- Exotec said it had built its 5,000th robot.
- Exotec announced a deal with clothing retailer Gap to use Skypod robots.
- Fast Retailing, owner of Uniqlo, said Exotec and Mujin would help bring more automation to its warehouses.