PYMNTS.com March 25, 2025
The former CEO of Cruise, an autonomous vehicle startup acquired by GM, has raised $150 million for his new robotics startup.
Kyle Vogt co-founded the Bot Company less than a year ago and has raised a total of $300 million. The latest round, led by Greenoaks, would give it a value of $2 billion, according to Reuters.
The previous round, also at $150 million, was funded by Spark Capital, former GitHub CEO Nat Friedman and others.
The Bot Company is developing artificial intelligence (AI) software and hardware for humanoid robots that can do household tasks. It hasn’t released a product or booked any sales yet.
Robotics are now in fashion in Silicon Valley as large language models are giving robots...
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