Locus lands $30M Series B to expand AI logistics across 12 countries

On May 3, 2026, funding database Signalbase reported that AI-driven logistics platform Locus closed a $30 million Series B round led by Vertex Ventures. The Bangalore-origin company, now part of Ingka Group, will use the capital to scale its AI-powered forecasting, routing, and warehouse automation engine in more than a dozen markets.