The Bot Company, the robotics startup based by former Cruise co-founder and CEO Kyle Vogt, has raised $150 million in a spherical led by Greenoaks, in accordance with Reuters, citing unnamed sources.
Vogt based the startup with Paril Jain, who led the AI tech workforce at Tesla, and former Cruise software program engineer Luke Holoubek. Vogt didn’t reply to a request for remark.
The contemporary spherical of funding comes lower than a 12 months since Vogt launched The Bot Company, which is aiming to provide a robotic targeted on family chores. The Bot Company launched in May with $150 million from former GitHub CEO and investor Nat Friedman, Pioneer founder and investor Daniel Gross, Spark Capital basic accomplice Nabeel Hyatt, Stripe CEO Patrick Collison, Stripe co-founder John Collison, and Quiet Capital.
The new startup was launched about 5 months after Vogt resigned as CEO of Cruise, the autonomous car startup that he based in 2013 and was later acquired by General Motors. His resignation adopted an October 2 incident that noticed a Cruise car run over and drag a pedestrian 20 ft, after the pedestrian had been hit by a human-driven automobile.
