The Bot Company, Kyle Vogt’s robotics startup, valued at $2 billion

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The Bot Company, a robotics startup founded by Kyle Vogt, the former cofounder and CEO of autonomous vehicle company Cruise, has raised $150 million in funding.

The round, which valued the startup at $2 billion, was led by global investment firm Greenoaks, Reuters reported, citing anonymous sources.

Vogt co-founded the company with Paril Jain, who previously led the AI tech team at Tesla, and Luke Holoubek, a former software engineer at Cruise.

The latest funding follows an earlier $150 million raise from investors such as Spark Capital and former…



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The Bot Company, Kyle Vogt’s robotics startup, valued at $2 billion


The Bot Company, a robotics startup founded by Kyle Vogt, the former cofounder and CEO of autonomous vehicle company Cruise, has raised $150 million in funding.

The round, which valued the startup at $2 billion, was led by global investment firm Greenoaks, Reuters reported, citing anonymous sources.

Vogt co-founded the company with Paril Jain, who previously led the AI tech team at Tesla, and Luke Holoubek, a former software engineer at Cruise.

The latest funding follows an earlier $150 million raise from investors such as Spark Capital and former…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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