Exotec Raises $335M in Series D Funding

exotec 335m series sachs asset management

Exotec 335m series sachs asset management, a global warehouse robotics firm with headquarters in Atlanta, Georgia, raised $335 million in Series D fundraising at a $2 billion value.

The transaction was initiated by the Growth Equity division of Goldman Sachs Asset Management, with follow-on investments coming from 83North and Dell Technologies Capital.

The business plans to use the money to hire 500 new R&D experts by 2025 to speed up the development of its high-performance warehouse automation technology as well as to continue launching massive deployments for international brands in North America, Europe, and Asia.

Exotec is a multinational robotics firm that develops scalable warehouse robotic solutions for the biggest companies in the world, under the direction of CEO and Co-Founder Romain Moulin. Robots that can climb to a height of 36 feet are used in the company’s hallmark product, The Skypod system, to enable high-density inventory storage and retrieval. In the e-commerce, supermarket, retail, manufacturing, and 3PL industries, Exotec services more than 30 businesses. Exotec has so far received $477 million in capital from well-known investors in the market, including Goldman Sachs, Bpifrance, 83North, Dell Technologies Capital, Iris Capital, 360 Capital Partners, and Breega.