Locus Robotics adds $41.6M to Series G from existing backers

What's the deal? Locus Robotics, a warehouse robot and software developer, has raised $41.6 million from existing investors as part of a Series G, chief executive officer Rick Faulk told Axios Pro. The round is nearing its close.

What's the endgame? Locus builds robots and software to automate warehouse operations. The fresh capital comes entirely from backers already on the company's cap table.

The signal: Venture dollars are pouring into physical AI, and Locus is riding that momentum. The $41.6 million round sits in the 33rd percentile by amount — solid, but modest against the outsized deals defining the sector right now.

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