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RobCo says it has “surpassed a $1 billion valuation” as it builds the next generation of autonomous industrial robotics, doubling its valuation in just nine months.
Industrial automation startup RobCo Inc. today announced that it has closed a $40 million funding round. Most of the shares that changed hands were sold by current and former employees. The investor consortium that bought the equity included Sequoia, Lightspeed and several other startup funds.
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