Locus Robotics, an ecommerce warehouse robotics provider, said it secured $25 million in Series B funding led by Scale Venture Partners, a venture capital firm based in Silicon Valley that invests in “the future of work.” Existing investors also participated in this round.
The company said it will use the Series B funding to “extend its leadership position by making increased investments in product development and go-to-market activities,” which includes expansion into international markets. And Locus Robotics will continue investing in its “robot fleet.”
Exclusive: @tommyhilfiger has tapped 22-year-old actress @zendaya to be his newest collaborator and together they will launch a see-now-buy-now collection in February. Speaking to WWD about the project, the Spider-Man actress said: “Fashion is more than just wearing cool clothes. It’s a way to celebrate self-expression and individuality, which is extremely empowering. This is why I am proud to partner with Tommy Hilfiger.” Tap the link in bio for the full scoop. #TommyXZendaya #wwdfashion
Fashion is facing a blistering pace of technology, a complex economic backdrop, and shifting social mores, priorities, and lifestyles. WWD's annual CEO summit on Oct. 30 and 31, will be the meeting place for some of the sharpest minds in the business who will address how these forces affect a consumer. Speakers this year include Antoine Arnault, Virgil Abloh, Gabriela Hearst, and Olivier Rousteing. Tap the link in our bio to find out more. #wwdceosummit