Canvas Category Machinery : Industrial Robot : General
Robco is a leader in the development, manufacturing and distribution of quality industrial products. From extreme environment resistant materials, high temperature insulation, gas and liquid sealing gaskets and gasket materials, mechanical seals, compression packing, engineered rubber and plastic parts, lubricants and greases to custom made products built to your specifications, our goal is to provide our customers with cost-saving solutions in the best time frame.
🇩🇪 RobCo raises €39.1M from Lightspeed, Sequoia, others
RobCo, a provider of affordable and connected robotics automation solutions for small and medium-sized enterprises (SMEs), has secured $42.5M (approximately €39.17M) in a Series B round of funding. The investment came from global VC firm Lightspeed Venture Partners along with existing investor Sequoia Capital. Kindred Capital and Promus Ventures also participated in this round.
RobCo facilitates SMEs’ entry into automation and addresses challenges such as skilled labour shortages, production scalability, and the transition to Industry 4.0. The company’s platform allows remote configuration, implementation, and management of robots via a digital twin, using a low-code approach that eliminates the need for complex programming or specialised personnel.
Low-Cost Robots Are The Key To Expanding Manufacturing For Small Businesses, Says Founder
Driven by the massive labor shortages happening across Europe, Roman Hölzl launched Robco to automate tasks for the industrial manufacturing industry. The Munich-based robotics company designs low-cost robots for small and mid-sized businesses.
Robco links up with $14M led by Sequoia to bring modular robotics to industrial SMBs
Robco, a Munich-based startup that has built a platform for designing low-cost modular robots for small and medium industrial businesses, has picked up €13 million (about $13.8 million). The round — a Series A — is led by Sequoia, with Kindred Capital, Promus Ventures and Torsten Reil, Christian Reber and Daniel Dines all also investing.
Even with the hundreds of millions of dollars that have been poured into a variety of industrial automation and robotics companies over recent years (and some of the very notable failures that have inevitably come out of that) Robco believes that it has found a niche in the market by focusing on tricky tasks and building cost-effective solutions to address the needs of smaller manufacturers. In short, SMBs might need to scale up productivity at times but — either due to the economics of the need, or labor shortages, or both — are unable to hire people to fill those jobs on a permanent basis. This is an area that those making larger machines for bigger industrial clients had yet to address, he said.