RobCo, an expert in modular, affordable, and connected robotics automation solutions for SMEs, welcomes global venture powerhouse Lightspeed Venture Partners as a new investor in a recent financing round (Series B). The company raised $42.5 million from Lightspeed and additional investors to fuel its development and growth trajectory. Former Apple and Nvidia investor Sequoia Capital, along with Kindred Capital and Promus Ventures, also participated. This round brings the total investment in RobCo to more than $60 million. The newly acquired capital will be primarily invested in further expanding distribution channels and advancing product development
The newly acquired capital will be primarily invested in further expanding distribution channels and advancing product development
RobCo was founded in 2020 by three researchers at the Technical University of Munich's Robotics and Artificial Intelligence Chair and 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, intuitive assembly and adaptation of robotics applications based on the unique, 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
An innovative sensor and software layer ensure the longevity of the hardware
RobCo's solutions cater specifically to SMEs, where machine utilization is worthwhile only if they can be quickly and flexibly reprogrammed for changing tasks. RobCo aids companies in entering the realm of automation and transitioning towards Industry 4.0.
"Through a comprehensive RobCo automation solution in the palletizing area, we can actively address the ongoing shortage of skilled workers with technology and at the same time save costs", explains Martin Matern, plant manager at DE-VAU-GE Gesundkostwerk Deutschland GmbH in Lüneburg.
Sense, Reason, Act – Autonomous and Intelligent Automation Robotics for All Businesses
"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", says Roman Hölzl, CEO and Co-founder of RobCo. "With our RobCo Autonomy approach, we focus on a deeper implementation of AI in our software so that robots can autonomously sense, reason, and act in their environment, planning and executing actions independently in the near future
"With our RobCo Autonomy approach, we focus on a deeper implementation of AI in our software so that robots can autonomously sense, reason, and act in their environment, planning and executing actions independently in the near future

Source prnewswire