German robot startup RobCo hits $1 billion valuation, CEO moves to US
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/5/2026
- Wall St set for muted open as tech stocks take a breather
- Oil slips on rise in Middle East crude exports and G7 stocks release
- Intel stock slides as TSMC explores Terafab tie-up, analyst flags share losses
- Schneider Electric to acquire PTC for $22.6 billion in all-cash deal
- Five things to watch in markets in the week ahead
Tweet
Share
E-mail
FILE PHOTO: Co-Founder and CEO of RobCo Roman Hoelzl reviews robot functions with a colleague at the company’s facility in Munich, Germany, on February 5, 2026. REUTERS/Fariha Farooqui/File Photo
AMSTERDAM, Oct 5 (Reuters) - German robotics maker RobCo on Monday said it had passed a $1 billion valuation and that its CEO Roman Holzl had relocated to the United States to focus on the company's fastest-growing market.
The Munich-based firm said the valuation was based on a secondary sale of shares following a $100 million capital raise in January with investors including Lightspeed Venture Partners, Sequoia and Lingotto.
In the secondary sale, employees sold shares to existing and new investors including Cherry Ventures and the European Tech Collective.
The Wall Street Journal, which first reported Monday's transaction and valuation, said the transaction involved the sale of $40 million worth of shares.
The company joins a small but growing group of European robotics startups valued at $1 billion or more that are targeting the emerging humanoid and human-like robot market, including NEURA Robotics and Agile Robots of Germany, and Humanoid of the UK.
Founded in 2020, RobCo makes robots used in manufacturing. It said it will in March launch Alfie, a two-armed, self-learning robot designed to perform tasks in industrial settings that can't easily be done with traditional automation.
The company, which has operations in Austin and San Francisco in addition to its Munich base, said it now has customers in more than a dozen US states.
(Reporting by Toby Sterling; Editing by Jan Harvey)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nvidia, Broadcom shielded as AI power crunch hits chip supply chain, says Morgan Stanley
- US Supreme Court rejects Nexstar bid to avoid DirecTV lawsuit over fees
- Canada's services PMI shows sector shrinking for fourth straight month
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
