Summary:
Kyle Vogt's robotics startup, The Bot Company, raises $150 million in funding.
The funding round was led by Greenoaks and includes notable investors.
The startup aims to develop robots for household chores.
Vogt co-founded the company with former Tesla and Cruise engineers.
This funding follows Vogt's resignation from Cruise amid a controversial incident.
The Bot Company Raises $150 Million
The Bot Company, founded by Kyle Vogt, former CEO of Cruise, has successfully raised $150 million in a funding round led by Greenoaks. This marks a significant milestone for the robotics startup, which aims to innovate in the realm of household chores.
Vogt, who co-founded the startup with Paril Jain (former AI tech lead at Tesla) and Luke Holoubek (former Cruise software engineer), did not provide comments regarding the funding. The company, which launched in May, had previously secured an initial $150 million from notable investors including Nat Friedman, Daniel Gross, Nabeel Hyatt, Patrick Collison, John Collison, and Quiet Capital.
This recent funding round comes less than a year after the launch of The Bot Company, highlighting the rapid growth and interest in the venture. Vogt's transition to this new startup follows his resignation from Cruise, which occurred amidst controversy after a serious incident involving a Cruise vehicle.
Future of Household Robotics
The Bot Company is poised to make a significant impact in the robotics industry, focusing on creating robots that assist with everyday household tasks. With substantial backing and a strong leadership team, the company is set to explore innovative solutions in the robotics space.
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