Robot company Standard Bots completes $200 million financing, led by General Catalyst and others

According to Bloomberg, Standard Bots has completed a new round of financing of $200 million to expand the production scale of robotic arms in the United States. As the U.S. accelerates its efforts to catch up with China in the field of advanced robotics, the company is speeding up its capacity layout.

This round of financing was led by General Catalyst and the RoboStrategy fund, which focuses on the robotics sector, bringing Standard Bots' valuation to $1 billion. Approximately two years ago, the company raised $63 million, but the valuation was not disclosed at that time.