
Standard Bots raised $200 million in a Series C round, reaching a $1 billion valuation. The funding will scale its 70,000-square-foot Glen Cove, New York facility. The company aims to capture 10% of new US industrial robot deployments by next year, building platforms entirely domestically to reduce reliance on overseas supply chains.
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Standard Bots raises $200M at $1B valuation
Summary by ByteBrief