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AI Startups: Ex-Cruise CEO’s Robot Startup Valued at $2 Billion With No Product

Summary by PYMNTS.com

The former CEO of Cruise, an autonomous vehicle startup acquired by GM, has raised $150 million for his new robotics startup. Kyle Vogt co-founded the Bot Company less than a year ago and has raised a total of $300 million. The latest round, led by Greenoaks, would give it a value of $2 billion, according to Reuters. The previous round, also at $150 million, was funded by Spark Capital, former GitHub CEO Nat Friedman and others. The Bot Company …

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The American Bazaar

Former Cruise CEO Kyle Vogt’s new robotic startup hits $2 billion valuation

The Bot Company, a robotics startup founded by former co-founder and CEO of Cruise, has raised $150 million in a new funding round led by Greenoaks, according to a Reuters report on March 22, valuing the firm launched less than a year ago at a thumping $2 billion. Kyle Vogt, the former CEO of self-driving automobile venture Cruise which was later acquired by General Motors, founded The Bot Company along with his co-founders Paril Jain, who led t…

16 hours ago

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