On April 10, 2024, Collaborative Robotics (Cobot), a leader in the development of practical collaborative robots, announced the successful completion of $100 million Series B financing. General Catalyst led the round joined by Bison Ventures, Industry Ventures, and Lux Capital with additional participation from existing investors Sequoia Capital, Khosla Ventures, Mayo Clinic, Neo, 1984 Ventures, MVP Ventures, and Calibrate Ventures. Wilson Sonsini Goodrich & Rosati advised Cobot on the transaction.

Collaborative robots are set to transform industrial automation across various sectors such as manufacturing, healthcare, and retail by increasing efficiency, safety, and ROI. The machines work alongside humans to improve productivity and reduce operational costs. The new capital will be used to further expand the Cobot team with top talent and advance its commercial deployments.

The Wilson Sonsini team that advised Cobot on the transaction includes Seth Helfgott, Rowena Chen, Daniel Xo, Jun Hyung Lee, Utsav Lall, Ryan Greecher, Tiphanie Cascella, Anne Seymour, Grace Kieft, and Nicole Marshall.

For more information, please see Cobot's news release. Additional coverage can be found on Reuters, TechCrunch, Axios, Forbes, and SiliconANGLE.