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Industrial automation startup RobCo Inc. today announced that it has closed a $40 million funding round.
Summary
Most of the shares that changed hands were sold by current and former employees. The investor consortium that bought the equity included Sequoia, Lightspeed and several other startup funds.
This is a brief wire summary, the full story (linked below) has the complete details.
KazaSec's take
Stories like this are part of why proactive security testing exists, finding the gap before someone else does is always cheaper than responding after the fact.
Coverage details
We've archived 614 other articles touching the same topic (startup, robco, alfie) , see the full security news archive.
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