RobCo Hits One Billion Valuation
German robotics company RobCo attained a one billion dollar valuation and announced its chief executive has relocated to the United States. The Munich based firm plans to expand its presence to target the rapidly growing American market.
RobCo reached a $1 billion valuation on Monday afternoon, with CEO Roman Hoelzl relocating to the United States to target its fastest-growing market. The Munich-based robotics maker joins a growing group of European startups targeting the emerging humanoid market. About 70% of the company's business remains anchored in Germany and the broader European market.
