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Robco’s modular robotic arms are made up of seven or eight modules. | Source: Robco
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 Series A funding, in accordance with reporting from TechCrunch.
Sequoia led the funding spherical, which additionally included participation from Kindred Capital, Promus Ventures, Torsten Reil, Christian Reber and Daniel Dines. According to 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 tough duties and constructing robotics which are cost-effective sufficient to be out there to smaller producers. Robco’s modular robotics options presently have three end-effector parts which are able to lathe turning, laser engraving and palletizing. The firm 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 resolution is made up of eight modules, has a 4 kg (8.8 lbs) payload, and has an 800 mm (31.5″) vary. Meanwhile, its palletizing resolution, which additionally makes use of eight modules, has an 8.5 kg (18.7 lb) payload and 1,300 mm (51″) vary.
The firm plans to make use of the funding to develop the capabilities of its modules, proceed including extra shoppers and develop its geographical attain, together with into the U.S. market.
Robco’s robots are supplied below the robots as a service (RaaS) mannequin. RaaS fashions permit corporations to start out automating with out having a giant chunk of capital to provide upfront.
Robco usually fees $1,000/month for its robots, whereas general fees can run as excessive as $4,000/month. The general price is dependent upon how advanced the consumer’s robotic setup can be. Robco’s robots could be deployed in only a few 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 utility engineering, as a spin-out from the Technical University of Munich.