Standard Bots, a New York–based robotics startup, has secured $200 million in new funding to accelerate production of its robot arms in the United States. The financing round values the company at $1 billion, a figure the startup is expected to announce officially on Tuesday.
The round was led by General Catalyst and RoboStrategy, an investment firm focused on robotics. Nearly two years ago the company previously raised $63 million, although that earlier valuation was not disclosed.
Standard Bots develops robot arms intended for industrial automation tasks such as complex assembly operations and loading and unloading machines. The company says the arms leverage underlying artificial intelligence systems that allow them to learn a demonstrated task relatively quickly.
Evan Beard, CEO of Standard Bots, said investors backed the round largely because they saw very rapid growth at the company. Beard stated the business is on track to supply 10 percent of the industrial robots installed in the United States by the end of the year.
The new capital will be used primarily to expand the company’s manufacturing facility on Long Island in New York State, and to hire additional engineers. While the firm is currently focused on industrial applications, it sees potential for future expansion into household robotics.
The financing comes amid broader U.S. policy and investor interest in boosting domestic capabilities. The U.S. government has sought to steer investment toward technologies that can help the country compete with China, which has recently gained ground in robotics and artificial intelligence.
Industry context
The deal is part of a wider wave of activity in robotics and AI. The report also notes that Tesla announced plans to introduce a robotaxi service and a humanoid robot this year, underscoring the rapid shifts taking place across the sector.
Overall, Standard Bots’s new funding and planned expansion of U.S. production reflect efforts to strengthen domestic robotics capacity and reduce reliance on foreign suppliers.
