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Robco, a Munich-based startup that builds modular robots to automate processes in small to medium-sized industrial companies, introduced in round $13.8 million, or €13 million, in Collection A funding, in response to reporting from TechCrunch.
Sequoia led the funding spherical, which additionally included participation from Kindred Capital, Promus Ventures, Torsten Reil, Christian Reber and Daniel Dines. Based on Sequoia, Robco stands other than different robotics platforms due to its flexibility. With Robco, customers can change their robots’ capabilities to adapt to their altering manufacturing wants.
Robco has discovered its area of interest in automation by automating difficult duties and constructing robotics which are cost-effective sufficient to be out there to smaller producers. Robco’s modular robotics options at the moment have three end-effector elements which are able to lathe turning, laser engraving and palletizing. The corporate hopes so as to add extra modules over time, particularly in milling and high quality inspection.
Robco’s robotic arms are made up of seven or eight modular items which have various payload capacities and ranges relying on the use case. For instance, the corporate’s machine tending laser answer is made up of eight modules, has a 4 kg (8.8 lbs) payload, and has an 800 mm (31.5″) vary. In the meantime, its palletizing answer, which additionally makes use of eight modules, has an 8.5 kg (18.7 lb) payload and 1,300 mm (51″) vary.
The corporate plans to make use of the funding to broaden the capabilities of its modules, proceed including extra purchasers and broaden its geographical attain, together with into the U.S. market.
Robco’s robots are supplied beneath the robots as a service (RaaS) mannequin. RaaS fashions enable firms to start out automating with out having a giant chunk of capital to provide upfront.
Robco usually costs $1,000/month for its robots, whereas total costs can run as excessive as $4,000/month. The general price is dependent upon how complicated the shopper’s robotic setup can be. Robco’s robots could be deployed in just some days.
Robco was based in 2020 by Roman Hoelzl, now the CEO, Paul Maroldt, now head of robotic engineering, and Constantin Dresel, now the pinnacle of software engineering, as a spin-out from the Technical College of Munich.