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

Quick Summary:

Kyle Vogt, former CEO of self-driving car company Cruise, has raised $150 million in a new funding round led by Greenoaks for his robotics startup The Bot Company, valuing the firm launched less than a year ago at $2 billion, sources told Reuters.

Last year, VC investors poured $6.1 billion into robotics, up 19 per cent from 2023, according to PitchBook.

Besides the Bot Company, Greenoaks has previously invested in another robotics startup Mytra which focuses on industrial tasks.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Robots Raised Vogt Robotics Cruise Company Startups Models Million Billion Tasks

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-22 @ 03:43:15 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 637 words

Reading Time: 4 minutes read

Sentences: 27 lines

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Copyright Owner: © Channel News Asia

News ID: 27226158

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