Business · Companies · 9 hrs ago

Robco reaches billion-dollar valuation after funding round

Robco reaches billion-dollar valuation after funding round

Munich robotics company Robco has reached a billion-dollar valuation after a new funding round.

Founded in 2020, it makes modular industrial robots that can handle tasks such as stacking goods and engraving parts.

Robco says it has sold about 1,200 robots in Europe and the United States, and now has 225 employees.

Its founder says more than 90% of factory processes are still done manually, leaving room for automation.

The company says its robots can adapt to factory work and correct errors themselves.

Customers can pay a monthly fee for the robots, software and setup instead of making a large upfront investment.

Founder Roman Hölzl has moved to the United States to lead the company’s expansion there.

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What people are saying

Roman HölzlRobco founder
In the end, it is not about spectacular lab demos, but about building a reliable, scalable industrial company.
via n-tv
We have now sold around 1,200 robots in Europe and the USA.
via n-tv
Our solution is tailored to the realities of industrial work.
via n-tv