Industrial robot startup RobCo reaches a $1 billion valuation
· Source: Robotics Tomorrow
Munich-founded RobCo says it is now valued at $1 billion, twice its level nine months ago, with Cherry Ventures and European Tech Collective joining backers such as Sequoia and Lightspeed. The company rents its Alfie robots for factory work as a service without upfront cost and paired the milestone with a share sale for long-serving staff.
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