Goldman Sachs Asset Management invests in Exotec robotic systems to improve warehouse working conditions while also optimizing operational efficiency
The pandemic illustrated how critical supply chain operations are to everyday, modern life as communities continue to feel the negative impacts of ongoing disruptions and breakdowns. From inventory delays to port congestion, these compounding challenges are only anticipated to increase in frequency and severity. A recent report from Resilinc revealed that supply chain disruptions were up 67% year-over-year.
"Following the most significant supply chain disruptions of the modern era, there's only room left for innovation," said
"Exotec is well-positioned to seize the enormous warehouse automation market opportunity both because of its global presence and strong track record of success with industry-leading retailers and brands," said
"Exotec warehouse robotics have transformed our logistics operations in multiple markets around the world, most recently in our
Exotec doubled its revenue and tripled its customer base since closing its
- Customer growth in
North America : Exotec signed 8 new, large enterprise customers including Gap and Geodis and expanded its work with existing clients in new markets. Most recently the largest sporting retailer in the world, Decathlon, deployed the Skypod System in itsMontreal fulfillment center following successful deployments inEurope . - New technology to augment the flagship Skypod System: The company debuted its Skypicker technology, an articulated arm able to move 600 items per hour to support high-volume fulfillment and returns.
- Expanding global team: To date, Exotec employs more than 300 professionals around the world and aims to double its global headcount by 2023.
For more information about Exotec, the company's Series D funding round, and the Skypod system please visit, www.exotec.com.
About Exotec
Exotec is a global robotics company, building scalable warehouse robotic solutions that power the world's largest brands. The company offers flexible warehouse automation to improve operational efficiency and economics. Exotec's signature solution, The Skypod system, utilizes robots that can reach a height of 36 feet to enable high-density inventory storage and retrieval. Exotec supports 30+ industry-leading brands spanning e-commerce, grocery, retail, manufacturing, and 3PL sectors. To date, Exotec has secured
About Goldman Sachs Asset Management
Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within
Since 2003 the Growth Equity business within Goldman Sachs Asset Management comprising more than 75 individuals has invested over
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SOURCE Exotec
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