California-based startup Collaborative Robotics (Cobot) has secured US$100m (£79.8m) in Series B funding in a financing round led by General Catalyst.
The round also saw participation from Bison Ventures, Industry Ventures, and Lux Capital, alongside existing investors.
Founded in 2022 by Brad Porter, a former Amazon VP of robotics, Cobot has developed practical cobots, with some of its technical team heralding from tech giants like Apple and Google.
The total raised so far, more than US$140m (£111.8m) in less than two years, will be used to expand the team and advance commercial deployments.
CEO Brad Porter sees this as a pivotal moment and aims to bring cobots with human-level capability to various industries.
Cobots, which Porter has said are poised to revolutionise industrial automation, offer efficiency, safety and affordability compared to traditional industrial robots.
“Getting our first robots in the field earlier this year, coupled with today’s investment, are major milestones as we bring cobots with human-level capability into the industries of today,” said Brad Porter, CEO and founder, Collaborative Robotics.
“We see a virtuous cycle where more robots in the field lead to improved AI and a more cost-effective supply chain. This funding will help us accelerate getting more robots into the real world.”
