AI Industrial Robot Maker Standard Bots Raises $200 Million at $1 Billion Valuation
Standard Bots, a New York-based maker of AI-native industrial robots, raised $200 million in a Series C round that valued the company at $1 billion. The financing was led by RoboStrategy, with existing investor General Catalyst also participating.
The company said it is expanding its Glen Cove, New York, facility to 70,000 square feet to scale a vertically integrated production process. Standard Bots said customers include Sunoco, Lockheed Martin, NASA and the US Army, and that it is on track to deploy 10% of US industrial robots by next year and manufacture its systems entirely in the US by 2027.
From the sources (2 posts)
@techmemeNew York-based Standard Bots, which wants to make AI-powered robotic arms in the US, raised $200M led by General Catalyst and Robostrategy at a $1B valuation (Bloomberg) (Visit Techmeme dot com for the link and full context!)
@packymOne small step for Standard Bots. Congrats @evanbeard!