Exotec secures $90 million in a round led by 83North.

Exotec, a Croix, France-based manufacturer of warehouse robots, announced that it raised a $90 million investment round.

The money was raised from investors led by 83North and including contributions from Breega Capital and Iris Capital.

The proceeds will be used for the company's international development and manufacturing.

Exotec, founded in 2015 by CEO Romain Moulin and Renaud Heitz, builds robots and software that automate the collection and moving of stock. The company aims to produce up to 4,000 robots a year by 2021 and also provides logistics software to coordinate all those robots through the warehouse.