Former Cruise CEO Kyle Vogt's robotics startup, The Bot Company, raises $150 million, valued at $2 billion.

From Yahoo Finance: 2025-03-21 15:43:00

Former Cruise CEO Kyle Vogt has raised $150 million for his robotics startup, The Bot Company, valuing it at $2 billion. Investors believe in the potential of robotics powered by AI models. The company is focused on building hardware and software for intelligent robots that can learn new tasks.

Investor interest in robotics is growing due to advancements in large language models enabling robots to process commands. The Bot Company, co-founded by former Tesla and Cruise engineers, aims to create non-humanoid robots to assist with household tasks. The rise of intelligent and adaptive robots marks a new era in robotics.

Tech giants like Amazon have been investing in at-home robotics. Startups like Figure and Cobot are also attracting funding for their innovative robot designs. The complexities of building and scaling robots for daily operations are evident, highlighting the challenges in integrating robotics into everyday life.

The Bot Company’s founders, coming from a self-driving background, are part of a trend of talent returning to robotics. The investment in the company reflects the growing interest in AI-powered robotics startups. VC investors poured $6.1 billion into robotics last year, signaling a significant increase in funding for the industry.

Greenoaks, the lead investor in The Bot Company, has previously invested in other robotics startups like Mytra. The San Francisco-based investor has backed billion-dollar valuations for startups like Sierra and Safe Superintelligence Inc. Its investment in The Bot Company highlights the potential for growth and innovation in the robotics sector.

Read more: Exclusive-Former Cruise CEO Vogt’s robotics startup valued at $2 billion in new funding, sources say