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Exotec
Hardware
Exotec is a French warehouse robotics company that builds Skypod, a cube-based automated storage and retrieval system that uses robots to move goods vertically and horizontally within a warehouse.
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Exotec was founded in 2015 by Romain Moulin and Renaud Heitz, based on the observation that e-commerce and retail warehouse operations increasingly needed automation to handle growing order volumes and labor shortages, but that many existing warehouse automation systems either required extensive, expensive custom-built infrastructure or offered more limited flexibility to scale up or reconfigure as a warehouse's storage and throughput needs changed over time. Exotec's flagship product, Skypod, is a cube-based storage and retrieval system in which small, agile robots climb vertically within a dense grid of storage racks to retrieve and deliver bins or totes containing inventory to human workers at picking stations, an approach that lets warehouses store inventory at much higher density than traditional flat, ground-level shelving while automating the physically demanding and time-consuming work of retrieving items from storage, which robots can generally do far faster and more consistently than human workers walking or driving through a warehouse. The system's modular, grid-based design is intended to let warehouse operators scale their automated storage capacity up over time by adding more robots and storage racks as needed, rather than requiring a fixed, one-time capital investment sized for a facility's maximum anticipated future volume from the outset. Exotec's customers span major retailers and e-commerce companies, including some of the largest global consumer brands, that have deployed Skypod systems within their distribution centers to increase order fulfillment speed and accuracy while addressing persistent warehouse labor availability challenges. The company has expanded its operations significantly across Europe and North America and has raised very substantial venture funding from investors including Goldman Sachs Asset Management, 83North, and Dell Technologies Capital, reaching a valuation exceeding $2 billion, competing with other warehouse automation and robotics providers including AutoStore, Ocado's technology division, and Locus Robotics.
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