By Paayal Zaveri and Ryan Weeks | Updated on Jun 09, 2026 at 12:00 PM
Standard Bots has raised $200 million in a new round of funding to ramp up manufacturing of robotic arms in the US as the country vies to keep pace with China in building more advanced robots.
The financing values Standard Bots at $1 billion, the startup is set to announce on Tuesday. The round was led by General Catalyst and RoboStrategy, a fund focused on robotics. Standards Bots previously raised $63 million in funding at an undisclosed valuation nearly two years ago.
The New York-based company is part of a crop of startups using artificial intelligence to build more sophisticated robots for personal and business uses. Its robotic arms are designed to automate tasks in the industrial sector, such as complex assembly, as well as loading and unloading machines.
“The round came together really because investors saw we were growing tremendously,” said Evan Beard, the chief executive officer of Standard Bots. “By the end of the year, we’re on pace to do 10% of industrial robot deployments in the United States.”
The company plans to use the new funding to expand its manufacturing facility in Long Island, New York. It also plans to hire more engineers.
Standards Bots said its robotic arms can quickly learn a specific task after seeing a demonstration of it, thanks to AI systems running in the back end. Eventually, the startup sees an opportunity to expand into home robotics, Beard said, but for now it remains focused on industrial uses.