Exotec closes $335M Series D at $2B valuation
Exotec closed a $335 million Series D led by Goldman Sachs Asset Management at a company-reported $2 billion valuation.
Evidence notes
- Goldman Sachs Asset Management led the Series D; 83North and Dell Technologies Capital made follow-on investments.
- Exotec planned large-scale deployments across North America, Europe and Asia.
- The company planned to hire 500 R&D engineers by 2025.
Company context
Exotec develops warehouse robotics and automation systems for order fulfilment, store replenishment and omnichannel logistics. Its core system combines mobile robots, high-density storage racks, picking stations, warehouse execution software and integration services for retailers, logistics providers and manufacturers.