RobCo says it has “surpassed a $1 billion valuation” as it builds the next generation of autonomous industrial robotics, doubling its valuation in just nine months.
The deal brings new investment into RobCo while giving long-standing employees the opportunity to realize part of the value they have helped create since the company’s founding.
Existing investors including Sequoia, Lightspeed, Greenfield, Kindred, Lingotto and Promus Ventures are participating in the transaction alongside a group of new investors, including Cherry Ventures and European Tech Collective, a group of founders behind some of Europe’s most successful technology companies. [Read more…] about RobCo reaches $1 billion valuation as investors back US expansion