RobCo raises $40M at $1B valuation

Munich-based RobCo, which makes robotic arms and automation software, sold $40M of shares at a $1B valuation, up from about $500M after raising $100M in January.

• RobCo sold $40M of shares at a $1B valuation
• It raised $100M in January at a ~$500M valuation
• The startup makes robotic arms and automation software
• Valuation doubled in a matter of months