More robots equals more jobs? That's the pitch from a robot-making company that just raised $200 million at a $1 billion valuation.

US robot-arm maker Standard Bots raised $200M at a $1bn valuation, led by General Catalyst, to scale its Long Island factory as America chases China.

Standard Bots has raised $200M in a Series C co-led by General Catalyst and RoboStrategy at a $1 billion valuation.