[Funding alert] Munich-based RobCo Secures $42.5Million in Series B Round Funding

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.

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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.

Martin Matern, plant manager at DE-VAU-GE Gesundkostwerk Deutschland GmbH in Lüneburg said, "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".

Roman Hölzl, CEO and Co-founder of RobCo said, “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, 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.”

Alex Schmitt, Partner at Lightspeed said, “The use of robotics in the industrial setting was previously reserved almost exclusively for large corporations with the corresponding financial and human resources, High costs and enormous complexity made them partly unaffordable and challenging to manage for small and medium-sized enterprises. RobCo has already made a significant breakthrough in this field with its developments. We recognize both technological and commercial potential for the German and international markets. It is crucial to optimally foster this potential and make robotic automation solutions accessible to all companies.”

Roman Hölzl said, “We are only at the beginning of an extensive journey in automation and aim to become a leader in modular robot automation for SMEs in Europe. RobCo is uniquely positioned with its easy-to-implement robots that offer a positive ROI from day one, We see ourselves as an extension of companies in automating their production and supporting the transformation towards Industry 4.0. The fact that a venture capital powerhouse like Lightspeed supports our next steps with a $42.5 million financing round tells us that we are on the right path – and is an incredible motivational boost for all of us to take our solutions to the next level.”

About RobCo

Established in 2020 by a team led by Roman Hölzl at the Chair of Robotics and Artificial Intelligence at the Technical University of Munich, RobCo GmbH offers adaptable, affordable, and connected robotics solutions tailored for industrial SMEs to automate repetitive manual tasks. These solutions leverage a patented modular hardware kit and the RobCo Studio software platform.

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