Standard Bots raises $200 million to build robotic arms in the US and claims it will handle 10% of industrial deployments by year-end

Standard Bots has raised $200 million at a $1 billion valuation to expand US manufacturing of AI-powered robotic arms. The round was led by General Catalyst and RoboStrategy, a robotics-focused fund, and follows a $63 million raise nearly two years ago at an undisclosed valuation. The New York-based company makes robotic arms for industrial automation, handling tasks […] This story continues at The Next Web