The newly acquired capital will likely be primarily invested in additional increasing distribution channels and advancing product improvement.
RobCo, an knowledgeable in modular, reasonably priced, and linked robotics automation options for SMEs, welcomes world enterprise powerhouse Lightspeed Enterprise Companions as a brand new investor in a latest financing spherical (Sequence B). The corporate raised $42.5 million from Lightspeed and extra traders to gas its improvement and development trajectory. Former Apple and Nvidia investor Sequoia Capital, together with Kindred Capital and Promus Ventures, additionally participated. This spherical brings the whole funding in RobCo to greater than $60 million. The newly acquired capital will likely be primarily invested in additional increasing distribution channels and advancing product improvement.
RobCo was based in 2020 by three researchers on the Technical College of Munich’s Robotics and Synthetic Intelligence Chair and specializes within the improvement of versatile robotic {hardware} kits for varied purposes in SME manufacturing, resembling machine loading and unloading or palletizing. The kits allow a modular, intuitive meeting and adaptation of robotics purposes primarily based on the distinctive, vertically built-in {hardware} and software program platform RobCo Studio. Due to it, the deployed robots could be configured, applied, and managed remotely by way of a digital twin. The low-code strategy eliminates the necessity for complicated programming or specialised personnel. Moreover, the platform is characterised by a modular end-to-end system outfitted with all future-proof interfaces. An revolutionary sensor and software program layer make sure the longevity of the {hardware}.
RobCo’s options cater particularly to SMEs, the place machine utilization is worth it provided that they are often rapidly and flexibly reprogrammed for altering duties. RobCo aids corporations in getting into the realm of automation and transitioning in the direction of Trade 4.0.
“By a complete RobCo automation resolution within the palletizing space, we will actively deal with the continued scarcity of expert staff with expertise and on the identical time save prices”, explains Martin Matern, plant supervisor at DE-VAU-GE Gesundkostwerk Deutschland GmbH in Lüneburg.
Sense, Purpose, Act – Autonomous and Clever Automation Robotics for All Companies
“The continuing improvement of our modular robotic platform for industrial use is essential for addressing the present and future challenges in economic system and society. At this time, our robots can already be arrange, programmed, and managed with software program and AI help. The following step is to make industrial robots much more autonomous and clever of their operational atmosphere”, says Roman Hölzl, CEO and Co-founder of RobCo. “With our RobCo Autonomy strategy, we concentrate on a deeper implementation of AI in our software program in order that robots can autonomously sense, purpose, and act of their atmosphere, planning and executing actions independently within the close to future.”
“The usage of robotics within the industrial setting was beforehand reserved virtually completely for big companies with the corresponding monetary and human assets”, emphasizes Alex Schmitt, Companion at Lightspeed. “Excessive prices and massive complexity made them partly unaffordable and difficult to handle for small and medium-sized enterprises. RobCo has already made a big breakthrough on this area with its developments. We acknowledge each technological and industrial potential for the German and worldwide markets. It’s essential to optimally foster this potential and make robotic automation options accessible to all corporations.”
“We’re solely firstly of an intensive journey in automation and intention to develop into a frontrunner in modular robotic automation for SMEs in Europe. RobCo is uniquely positioned with its easy-to-implement robots that supply a optimistic ROI from day one”, provides Roman Hölzl. “We see ourselves as an extension of corporations in automating their manufacturing and supporting the transformation in the direction of Trade 4.0. The truth that a enterprise capital powerhouse like Lightspeed helps our subsequent steps with a $42.5 million financing spherical tells us that we’re on the precise path – and is an unimaginable motivational increase for all of us to take our options to the following stage.”