RobCo Raises $42.5M in Series B Funding

GERMANY – RobCo, a Munich, Germany-based company which specializes in connected robotics automation solutions for SMEs, raised $42.5M in Series B funding.

The round saw participation from Lightspeed and additional investors. Former Apple and Nvidia investor Sequoia Capital, along with Kindred Capital and Promus Ventures, also participated. The company intends to use the funds to accelerate its development and growth trajectory. Founded in 2020 and led by CEO Roman Hölzl, RobCo specializes in the development of flexible robotic hardware kits for various applications in SME manufacturing, such as machine loading and unloading or palletizing. The kits enable a modular assembly and adaptation of robotics applications based on the vertically integrated hardware and software platform RobCo Studio. Thanks to it, the deployed robots can be configured, implemented, and managed remotely via a digital twin. The low-code approach eliminates the need for complex programming or specialized personnel. Furthermore, the platform is characterized by a modular end-to-end system equipped with all future-proof interfaces. An innovative sensor and software layer ensure the longevity of the hardware.26/02/2024