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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.
Insider Brief RobCo has reached unicorn status with new investment into the German industrial robotics startup allowing some long-standing employees to sell part of their holdings.
The German robotics startup doubled its valuation from earlier in the year as it sets sights on further US expansion.
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