Robco Raises $13.8M in Series A Funding

▤ Summary

Robco, a Munich, Germany-based company that builds modular robots to automate processes, raised $13.8M in in Series A funding. The round was led by Sequoia, with participation from Kindred Capital, Promus Ventures, Torsten Reil, Christian Reber and Daniel Dines. The company intends to use the funds to expand the module capabilities, adding more clients and expanding its geographical reach into the U.S. market. Led by CEO Paul Maroldt, Robco provides adaptable and connected full-stack robot automation solutions for repetitive manualworker tasks in industrial SMBs based on a patented modular hardware kit and a studio software platform.

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