Exotec, a global warehouse robotics provider, announced at MODEX 2024 that it has sold over $1 billion in systems globally, eclipsing the mark in under a decade.
This achievement, according to the company, illustrates the adoption of the Exotec technology since its founding in 2015 as it continually expands its headcount, reinvests into new offerings and reaches new markets across the world.
Leading the way to the $1 billion mark is Exotec’s Skypod system. Brands like Gap Inc., Decathlon and UNIQLO have invested in the Skypod system to help weather challenging business fluctuations.
“Reaching the milestone of $1 billion in systems sold globally shows that our approach to warehouse automation is differentiated and strongly resonates with our customers,” said Romain Moulin, CEO and co-founder at Exotec. “We are reinventing an industry that has historically relied on legacy automation that is static to business fluctuations, hard to maintain and expensive to integrate. Our continued growth is proof that flexibility and reliable performance are paramount for supply chain leaders everywhere.”
Some highlights of Exotec’s system growth journey include:
“Exotec has proven its ability to execute large-scale projects and deliver remarkable value to clients,” said Christian Resch, partner in growth equity at Goldman Sachs Asset Management. “This has enabled the company to expand its footprint, deepen its relationship with large clients and grow revenues. We believe the company is well positioned for future growth given the ongoing need to bring technology and automation to the global warehouse industry.”