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Vogt's Bot Company Seeks $250M at $4B+ Valuation
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Bloomberg.com
Photo by FDATA ROBOT on Unsplash
TL;DR
The Bot Company, founded by Kyle Vogt, is raising $250 million, potentially valuing it at over $4 billion. Vogt, the founder of Cruise, is working with Paril Jain from Tesla and Luke Holoubek from Cruise to create robots for household tasks.
Key takeaways
- The Bot Company, a robotics startup founded by Kyle Vogt, is reportedly securing $250 million in a new funding round
- Sources familiar with the matter indicate this investment would value the company at over $4 billion
- The Bot Company is focused on developing robots designed to perform household chores
The Bot Company, a robotics startup founded by Kyle Vogt, is reportedly securing $250 million in a new funding round. Sources familiar with the matter indicate this investment would value the company at over $4 billion. The Bot Company is focused on developing robots designed to perform household chores.
Vogt, renowned as the founder of self-driving car company Cruise, is collaborating with co-founders Paril Jain, formerly an artificial intelligence leader at Tesla Inc., and Luke Holoubek, a previous software engineer from Cruise.
Related Topics
RoboticsFundingValuationArtificial IntelligenceAutomation
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