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- Collaborative Robotics
Collaborative Robotics Valuation, Funding & Investors
Collaborative Robotics is valued at $500M as of April 2024.
Last Collaborative Robotics valuation
$500M
Series B · Apr 2024
Last Collaborative Robotics funding round
$100M
Series B · Apr 2024
Cumulative funding Collaborative Robotics raised
$140M
across 3 funding rounds
Key investors in Collaborative Robotics
Khosla Ventures
Neo
1984 Ventures
Calibrate Ventures
Sequoia Capital
Mayo Clinic
About Collaborative Robotics
Collaborative Robotics is a Berkeley-headquartered robotics company developing adaptable humanoid robots for warehouse and manufacturing tasks. The co.bot platform integrates AI for safe human-robot collaboration in dynamic environments.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$500M (Apr 2024)
Collaborative Robotics Valuation
Collaborative Robotics is currently valued at $500M, based on its Series B in April 2024.
The $100M round was led by General Catalyst, with participation from Industry Ventures, Lux Capital, 1984 Ventures, MVP Ventures, Neo and 5 other investors.
Collaborative Robotics valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2024 | Series B | $500M |
Collaborative Robotics Funding History
Collaborative Robotics has raised a total of $140M across 3 funding rounds.
Collaborative Robotics' first fundraising round was a $10M seed round in June 2022. The most recent completed round was a $100M Series B in April 2024.
Collaborative Robotics funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2024 | Series B | General Catalyst (lead); Industry Ventures; Lux Capital; 1984 Ventures; MVP Ventures; Neo; Khosla Ventures; Calibrate Ventures; Sequoia Capital; Bison Ventures; Mayo Clinic | $100M | $500M | Collaborative Robotics, also known as Cobot, is a Santa Clara, California-based robotics company founded in 2022 by Brad Porter, a former Amazon vice president who spent over 13 years at the company where he led industrial robotics initiatives. The company develops practical collaborative robots designed to work alongside humans in sectors including manufacturing, healthcare, and retail, prioritizing pragmatic problem-solving over humanoid designs and focusing on machines that can reason with human-level capability rather than mimic human form. In April 2024, Collaborative Robotics announced a $100 million Series B funding round led by General Catalyst, with participation from new investors Bison Ventures, Industry Ventures, and Lux Capital, along with existing backers Sequoia Capital, Khosla Ventures, Mayo Clinic, Neo, 1984 Ventures, MVP Ventures, and Calibrate Ventures, bringing total funding raised to over $140 million in less than two years since founding. The company achieved a significant operational milestone by deploying its first robotic systems in the field earlier in 2024 with just 30 employees after 20 months of operation, while simultaneously building partnerships with industry leaders including Mayo Clinic in biotech and other organizations across sectors from biotech to shipping. The broader robotics investment landscape was particularly strong during this period, with Collaborative Robotics' $100 million Series B representing the fifth-largest round of 2024 for robotics startups, following Figure AI's $675 million raise at a $2 billion pre-money valuation in February 2024, reflecting strong venture appetite for AI-enhanced robotics solutions addressing labor shortages and dangerous work scenarios. |
| Jul 2023 | Series A | Sequoia Capital (lead); 1984 Ventures; MVP Ventures; Neo; Khosla Ventures; Calibrate Ventures; Jeffrey Wilke; Fuel Capital; Mayo Clinic | $30M | - | Collaborative Robotics, founded in 2022 by Brad Porter, former VP of Amazon Robotics, develops practical collaborative robots (cobots) designed for human-scale tasks in sectors like biotech, healthcare, logistics, and manufacturing. The company announced a $30 million Series A funding round on July 26, 2023, led by Sequoia Capital, with participation from Khosla Ventures, Mayo Clinic, Jeff Wilke (former CEO of Amazon Consumer), Fuel Capital, MVP Ventures, NEO, Calibrate Ventures, and 1984 Ventures, bringing total funding to over $40 million including a prior $10 million seed. Sequoia partner Alfred Lin joined the board. The funding supports scaling early field deployments, manufacturing of its novel cobot—not a humanoid or standard manipulator on an AMR—and commercialization efforts. The cobot aims to perform assistive picking and more complex end-to-end tasks productively alongside humans, addressing constraints in autonomy and reliability. Launched alongside the round, the Cobot Flywheel Program offers professional services to help innovative companies deploy robotics solutions, with early customers including Mayo Clinic and others in biotech, healthcare, and logistics, generating initial commercial traction. At the time, the startup had grown to 23 employees from a small team post-seed. Investors highlighted Porter's expertise in deploying robotics at scale (e.g., Amazon's 750,000+ robots) and the rising need for automation amid e-commerce growth and labor turnover. This Series A followed a pattern of robotics investments, with July 2023 seeing $1.9 billion across 48 rounds. Collaborative Robotics later raised a $100 million Series B in 2024 led by General Catalyst, with many of the same investors, pushing total funding over $140 million and enabling first robot field deployments. |
| Jun 2022 | Seed | Neo (lead); 1984 Ventures; Khosla Ventures; Calibrate Ventures | $10M | - | - |
Who has invested in Collaborative Robotics?
13 investors have backed Collaborative Robotics across its funding rounds, including Khosla Ventures, Neo, 1984 Ventures, Calibrate Ventures, Sequoia Capital and Mayo Clinic.
Lead investors include General Catalyst, Sequoia Capital and Neo.
Collaborative Robotics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Jun 2022 | ||
| 3 | Lead | Jun 2022 | ||
| 3 | Participant | Jun 2022 | ||
| 3 | Participant | Jun 2022 | ||
| 2 | Participant | Jul 2023 | ||
| 2 | Lead | Jul 2023 | ||
| 2 | Participant | Jul 2023 | ||
| 1 | Lead | Apr 2024 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Apr 2024 | ||
| 1 | Participant | Jul 2023 | ||
This data is available for Pro users. Sign up to see all 13 Collaborative Robotics investors. Start Free Trial | ||||
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Start Free TrialCollaborative Robotics Competitors
Collaborative Robotics competitors include listed companies like UBtech Robotics and Kodiak AI, and private ones like CoLab, VisionNav Robotics, Telexistence and Gaussian Robot.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $298M | ($108M) | $5.1B | 9.5x | ||
| Private | - | - | $500M | - | ||
| Private | $31M | - | $500M | 16.1x | ||
| Private | - | - | $497M | - | ||
| Private | - | - | $470M | - | ||
| Publicly listed | $4M | ($577M) | $768M | 98.7x |
Collaborative Robotics Public Comps
Collaborative Robotics is still privately-owned, but its public comps include ECARX Group, Reconova Technologies, Swarmer, Volatus Aerospace, RoboStrategy, Palladyne AI, DOF Robotics, Seeing Machines, Huayan Robotics and Kodiak AI.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $848M | ($23M) | 1.1x | 0.9x | (40.7x) | 60.0x | |||
| $66M | ($8M) | 10.0x | - | (82.0x) | - | |||
| $310K | ($8M) | 1023.2x | 101.7x | (37.3x) | (29.1x) | |||
| $25M | ($8M) | 12.5x | 11.1x | (37.6x) | (38.6x) | |||
| - | - | - | - | - | - | |||
| $5M | ($27M) | 47.8x | 13.0x | (9.4x) | (7.8x) | |||
| $21M | $8M | 13.3x | - | 36.7x | - | |||
| $62M | ($6M) | 5.4x | 3.9x | (56.5x) | 52.2x | |||
This data is available for Pro users. Sign up to see all Collaborative Robotics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Collaborative Robotics
| When was Collaborative Robotics founded? | Collaborative Robotics was founded in 2022. |
| Where is Collaborative Robotics headquartered? | Collaborative Robotics is headquartered in San Jose, CA, United States. |
| Is Collaborative Robotics publicly listed? | No, Collaborative Robotics is a private, VC-backed company. |
| What is Collaborative Robotics' valuation? | Collaborative Robotics was last valued at $500M in its Series B in April 2024. |
| How much funding has Collaborative Robotics raised? | Collaborative Robotics has raised $140M across 3 funding rounds. |
| What was Collaborative Robotics' last funding round? | Collaborative Robotics' last funding round was a $100M Series B in April 2024, led by General Catalyst. |
| Who are Collaborative Robotics' investors? | Collaborative Robotics' investors include 1984 Ventures, Neo, Khosla Ventures, Calibrate Ventures, MVP Ventures, Sequoia Capital, Mayo Clinic, General Catalyst, Industry Ventures, Lux Capital and 3 others. |
| Which companies are comparable to Collaborative Robotics? | Companies comparable to Collaborative Robotics include UBtech Robotics, CoLab, VisionNav Robotics, Telexistence, Gaussian Robot and Kodiak AI. |
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