Former Cruise CEO Kyle Vogt's new robotics startup reportedly raises another $150M

The Bot Company, a robotics startup founded by former Cruise co-founder and CEO Kyle Vogt, has secured $150 million in a funding round led by Greenoaks, according to sources cited by Reuters. The company, co-founded by Vogt along with Paril Jain, former AI tech lead at Tesla, and ex-Cruise software engineer Luke Holoubek, aims to develop robots focused on household chores. This funding round comes less than a year after the company's launch, which initially raised $150 million from notable investors including Nat Friedman, Daniel Gross, Nabeel Hyatt, Patrick Collison, John Collison, and Quiet Capital.

The startup was launched in May, approximately five months after Vogt's resignation as CEO of Cruise, following an incident where a Cruise autonomous vehicle was involved in an accident with a pedestrian. The Bot Company is Vogt's new venture after his departure from Cruise, which he founded in 2013 and was later acquired by General Motors. Vogt has not commented on the recent funding round.

Key takeaways

The Bot Company, founded by former Cruise co-founder and CEO Kyle Vogt, raised $150 million in a funding round led by Greenoaks.
The startup was co-founded by Paril Jain, former AI tech lead at Tesla, and Luke Holoubek, a former Cruise software engineer.
The Bot Company aims to produce a robot focused on household chores and was initially launched with $150 million from notable investors including Nat Friedman and Patrick Collison.
Kyle Vogt launched The Bot Company five months after resigning as CEO of Cruise following an incident involving a Cruise autonomous vehicle.

Former Cruise CEO Kyle Vogt's new robotics startup reportedly raises another $150M | TechCrunch

Key takeaways

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