In a significant development for the robotics sector, German startup RobCo has secured €39.1M in a Series B funding round. The round saw participation from global venture giants like Lightspeed Venture Partners and Sequoia Capital, alongside Kindred Capital and Promus Ventures. This investment propels RobCo’s total funding beyond the $60 million mark. The funds are earmarked for expanding distribution and advancing product innovation.
About RobCo
Founded in 2020 by a team from the Technical University of Munich, RobCo specializes in robotics solutions for SMEs. They offer modular, affordable, and connected automation solutions. Their products, including robotic hardware kits, cater to various manufacturing tasks like machine loading and palletizing. These kits are supported by RobCo Studio, a platform allowing remote configuration and management via a digital twin. The company’s focus on modular, easy-to-use systems addresses the automation needs of SMEs, aiming to ease their transition to Industry 4.0.
Transforming industrial automation
RobCo’s solutions are designed to make automation accessible to SMEs, traditionally sidelined by the high costs and complexity of robotics. Their platform enables quick, flexible reprogramming for different tasks, crucial for SMEs to benefit from automation. Martin Matern, a plant manager at DE-VAU-GE Gesundkostwerk, highlighted how RobCo’s solutions help tackle skilled worker shortages while cutting costs.
CEO Roman Hölzl emphasized the ambition to make robots more autonomous and intelligent, foreseeing a future where robots can independently “sense, reason, and act.” This vision aligns with the company’s goal to lead modular robot automation across Europe.
The ongoing development of our modular robotic platform for industrial use is crucial for addressing the current and future challenges in economy and society. Today, our robots can already be set up, programmed, and managed with software and AI assistance. The next step is to make industrial robots even more autonomous and intelligent in their operational environment
Roman Hölzl, CEO and Co-founder of RobCo
Lightspeed’s endorsement
Alex Schmitt from Lightspeed praised RobCo’s breakthroughs, highlighting the potential to democratize robotics for SMEs globally. Schmitt’s recognition of RobCo’s technological and commercial potential underscores the company’s innovative approach to overcoming barriers in industrial automation.
conclusion
RobCo’s latest funding round, led by influential investors, marks a pivotal moment in the automation industry. The company’s mission to provide accessible, flexible automation solutions for SMEs is well underway. With a robust financial backing and a clear vision for the future, RobCo is poised to redefine the standards of industrial automation.
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