Kyle Vogt, the then president and Cto of Cruise, gave a speech at the summit of Robotics Summit & EXPO 2019.
Bot Company – run by the former Cruise General Director, Kyle Vogt – collected $ 150 million for new financing, according to financing, according to Reuters. While the company still has to disclose a service robot prototype, the last financing of the valuation is $ 2 billion.
The latest financing round includes the participation of Greenoaks, a global investment company based in San Francisco. Previous financing was conducted by Nat Friedman, an investor from California; Daniel Gross, an angel investor in companies such as SpaceX, Stripe and Instacart; and Nabeel Hyatt, a Spark Capital general partner. It also included the participation of the quiet capital, Patrick Collison, John Collison, Elad Gil, fifty years and many others.
It has been over a year since Vogt has publicly launched BOT with already $ 150 million. Paril Jain, technology director and former technology manager and AI in Tesla, is a co -founder business. Luke Holoubek, an engineer from Bot Company, is a former CTO technical advisor at Cruise Car programmers.
VOGT has funds, AV experience
VOGT is not foreign to technical and business challenges. He started a cruise in 2013 with Dan Kan General Motors acquired a cruise for $ 1 billion in 2016. In November 2023, Vogt left the cruise, saying that his plans include spending time with his family and “discovering new ideas.”
The resignation took place after difficult weeks for a cruise. In October 2023, the California Department of Motor Vehicles (DMV) suspended permits for an autonomous vehicle (AV) permission to test and test drivers. DMV said he had suspended permits due to a number of incidents, saying that the company “misled” the security of its robotaxia. Recently, GM has officially ceased to finance the implementation of Robotaksi Cruise.
Vogt’s experience with financing companies did not start with a cruise. He was a co -founder of Justin.TV, ultimately the home company Twitch.tv. In 2014, Amazon bought Twitch for USD 970 million.
BOT company hopes to automate the mundane duties
The BOT company aims to create home robots that will help people in their daily tasks. Startup based in San Francisco remained honest about what his system will look like or what possibilities he would have, but Said Reuters Sources indicate that he is working on a non-human robot Equipped with base and handles.
BOT said that it focuses on automating domestic duties so that people have more time for significant classes. However, household robotics is an extremely difficult segment of the robotics market. Unlike industrial settings, home robot developers are not sure about the conditions in which their robots will have to act.
Other home robots creators include 1x technologies that have recently presented Neo Gamma Hummaoid, preparing for pilot implementation in selected houses. On the inhuman side of things, Hello robot Currently offers Mobile 3, a mobile manipulator that helps disabled people gain independence in their homes.
BOT said that the latest financing round will help her build equipment and artificial intelligence for her household robots. Robot report I got to the company to get additional details, but I haven’t heard since the press.
