Robotics firm Exotec raised $335 mn led by Goldman Sachs

Exotec, a warehouse robotics company, has raised $335 million in Series D funding – led by Goldman Sachs Asset Management with follow-on investments from 83North and Dell Technologies Capital.
Dollar spending on technology
Exotec will use the funds to launch large-scale deployments in North America, Europe, and Asia for global brands. Exotec plans to hire 500 new R&D engineers by 2025 to accelerate the development of its warehouse automation technology.

Exotec doubled its revenue and tripled its customer base since closing its $90 million Series C funding round in the fall of 2020. Exotec employs more than 300 professionals around the world and aims to double its global headcount by 2023.