Kyle Vogt raises $150 million for The Bot Company, boosting interest in Robotics sector
300+ Words Refined into 3 Facts by AI • 1 source • 10h ago
Kyle Vogt, former CEO of Cruise Automation, has raised $150 million in a new funding round for his robotics startup, The Bot Company, which is now valued at $2 billion.2
The Bot Company aims to create at-home robots that assist with daily tasks, such as household chores, and is co-founded by former engineers from Tesla and Cruise.1
Investors are increasingly interested in robotics startups, with $6.1 billion invested in the sector last year, marking a 19% increase from 2023.1
The rise of large language models (LLMs) is significantly boosting interest in robotics, enabling robots to process natural language commands and perform complex tasks.1
Kyle Vogt, former CEO of Cruise Automation, raised $150 million for his robotics startup, The Bot Company, now valued at $2 billion.
The Bot Company aims to create at-home robots for daily tasks, co-founded by former engineers from Tesla and Cruise.
Investors poured $6.1 billion into robotics last year, a 19% increase from 2023, driven by interest in large language models (LLMs).
300+ Words Refined into 3 Facts by AI • 1 source • 10h ago