In addition to Sequoia Capital, Kindred Capital from London, Promus Ventures from Chicago, HelsingCo-founder Torsten Reil, entrepreneur Daniel Dines and Christian Reber, partner at Frank Thelen's investment firm Freigeist. Freigeist already entered the market last year with a millions joined Robco. The startup was founded in 2020 by Roman Hölzl, Paul Maroldt, and Constantin Dresel. The founders previously worked together as research assistants at the Chair of Robotics and AI at TUM.
Robco: Setting up industrial robots as easily as a Wi-Fi router
Robco enables small and medium-sized manufacturing companies to easily operate automated robots. The robots are configured and operated for their specific application using a proprietary cloud software platform. The use of automated robots is intended to address the skills shortage in medium-sized companies. startup scene explains the investor Frank Thelen:
“Anyone who wants to operate robotics systems usually has to build them themselves or with partner companies, which is time-consuming and expensive.”
The Munich-based company's software kit allows industrial robots to be programmed easily and efficiently. Thelen compares its use to configuring a Wi-Fi router at home. According to new investor Sequoia, setting up a Robco system should take only a day or two instead of months and be significantly less expensive than comparable options.
