# EXOTEC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/exotec

- Industry: Logistics & Distribution
- Headquarters: France
- Website: www.exotec.com
- Total disclosed funding: $446M
- Latest round: Series D (Jan 14, 2022)
- Investors on record: 7

## About

Exotec SAS, located in France, specializes in innovative warehouse automation solutions, enhancing supply chain efficiency through advanced robotics and software integration.Founded in 2015, Exotec SAS focuses on providing automation technology for warehouses, leveraging its proprietary Skypod® system. The company has secured a total of 6 funding deals, with the latest being a Series D round in January 2022, raising USD 335 mn led by Goldman Sachs Merchant Banking Division. Romain Moulin serves as CEO.Exotec specializes in advanced warehouse automation solutions, mainly through its flagship Skypod® system. This modular system combines high-density storage racks, autonomous mobile robots (AMRs), and the Deepsky® software suite. The Skypod robots enhance order preparation efficiency, while Workstations facilitate ergonomic picking and packing. The Exchanger component streamlines inbound and outbound operations. Exotec's solutions cater to multiple industries, including retail, healthcare, grocery, and third-party logistics (3PL), and are deployed globally across Europe, North America, and Asia.In the most recent year, 2023, Exotec reported a revenue of USD 190.44 mn, with an EBITDA of USD -2.92 mn. The company's revenue model revolves around the sale of its automated systems, including the Skypod® robots and Deepsky® software, through B2B partnerships and customized solutions.Following the Series D funding raised in January 2022, Exotec plans to deploy large-scale automation solutions across North America, Europe, and Asia for global brands. The company aims to hire 500 new R&D engineers by 2025 to accelerate its technology development. The funding will also support ongoing advancements in its warehouse automation systems.

## Funding rounds

- Series D, Jan 14, 2022, $335M — IRIS, Goldman Sachs Asset Management, Bpifrance Investissement, 83 North, Breega, Dell Technologies Capital
- Series C, Sep 29, 2020, $90M — IRIS, 83 North, Breega, Dell Technologies Capital
- Series B, Jun 12, 2018, $18M — IRIS, 360 Capital, Breega
- Series A, Nov 30, 2016, $2.9M — 360 Capital, Breega
- Seed, Nov 25, 2016, $0.2M — 360 Capital

## Investors

- 360 Capital (https://capitalatlas.ai/funds/360-capital) — Seed, Series A, Series B
- Breega (https://capitalatlas.ai/funds/breega) — Series A, Series B, Series C, Series D
- IRIS (https://capitalatlas.ai/funds/iris) — Series B, Series C, Series D
- 83 North (https://capitalatlas.ai/funds/83-north) — Series C, Series D
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Series C, Series D
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series D
- Bpifrance Investissement (https://capitalatlas.ai/funds/bpifrance-investissement) — Series D