January 17, 2022
Today Exotec, a leader in global warehouse robotics, announced raising $335M in Series D funding at a $2B valuation.
The pandemic illustrated how critical supply chain operations are to everyday, modern life as communities continue to feel the negative impacts of ongoing disruptions and breakdowns. From inventory delays to port congestion, these compounding challenges are only anticipated to increase in frequency and severity.
With Exotec’s unique combination of speed, performance, and flexibility, their innovations offer a clear alternative to traditional automation: elegant collaboration between human and robots that delivers sustainable warehouse productivity, and end customer satisfaction.
FUNDING OVER THE YEARS
Exotec will use the funds to:
Invest in future development and new technologies
Continue launching large-scale deployments in North America, Europe, and Asia
Scale its rapidly growing team
A MESSAGE FROM OUR FOUNDERS
Romain Moulin & Renaud Heitz
When we created Exotec in 2015, we set an ambition goal: $30m in sales in 2020. We had no concept of what things could look like beyond that point.
Fast forward to today. 30+ industry-leading brands spanning e-commerce, grocery, retail, manufacturing, and 3PL sectors chose Exotec as their provider of choice. We have 50 systems live in 3 different continents with a healthy pipeline of planned deployments. And today we are proud to announce the close of our Series D funding round with Goldman Sachs & BPI, making Exotec a global industrial unicorn. We have vastly over-achieved our initial ambitions.
As much as we are thrilled about this commercial success, one of our greatest accomplishments has been building a team of more than 300 incredible people across Europe, Japan, and the US. And we look forward to hiring even more world-class talent in the year to come.
We’re also deeply grateful for our customers, partners, integrators, and suppliers who have served as an invaluable extension of our team. You believed in us from the start, and we couldn’t have achieved such tremendous accomplishments without you.
Now, more than ever, the world’s largest brands are seeking our help to navigate this increasingly volatile world. There’s only room left for innovation. So today we unveil a new ambition: to become the world’s leader in warehouse robotics.
While so much has changed, our passion, company culture, and obsession to serve our customers remains unchanged. Let’s continue building this incredible story together.
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