RobCo, a Munich, Germany-based business that offers linked robotics automation solutions to small and medium-sized businesses, has secured $42.5 million in Series B funding.
Lightspeed and other investors participated in the round. Sequoia Capital, Kindred Capital, and Promus Ventures—former investors in Apple and Nvidia—participated as well.
With the money, the business hopes to quicken its pace of expansion and development.
Under the direction of CEO Roman Hölzl, RobCo was established in 2020 and focuses on creating adaptable robotic hardware kits for a range of SME manufacturing applications, including palletizing and machine loading and unloading.
The kits provide the modular assembly and customization of robotic applications developed on the RobCo Studio hardware and software platform, which is vertically integrated. It allows the deployed robots to be remotely setup, deployed, and managed through a digital twin.
Complex programming or specialized staff are not required with the low-code method. The platform also has an end-to-end modular design that includes all future-proof interfaces. Hardware durability is guaranteed via a unique sensor and software layer.
