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Robotics Capital

RobCo sells $40M of shares at $1B valuation

Munich-based robotics startup RobCo has sold $40M of shares at a $1B valuation, the Wall Street Journal reports. The company makes robotic arms and automation software. Its valuation rose from approximately $500M after a $100M fundraising in January, as it seeks to capitalize on demand for autonomous industrial robots.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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