Europe's new robotics unicorn: Germany's RobCo hits $1B valuation
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German robotics startup RobCo reaches a $1 billion valuation after its latest funding round.
RobCo, a Munich-based robotics startup, has achieved unicorn status with a $1 billion valuation. The company uses a Robots-as-a-Service model. The round was led by existing investors including Sequoia, Lightspeed, Greenfield, Kindred, Lingotto, and Promus Ventures, alongside new investors Cherry Ventures and European Tech Collective.
What commenters are saying
Commenters generally approve of RobCo's focus on practical industrial robots rather than humanoid ones. Many note its "Robotics-as-a-Service" model. Several question the large share of US venture capital. Skepticism of European tech independence is a recurring theme: one commenter suggests the company is likely to become US-based, with the CEO already in the US "to focus on the fastest growing market". Another camp makes thematic complaints about RobCo's name, which shares the name of the evil Fallout video game corporation.