Kyle Vogt Raises $150M for New Household Robot Startup, The Bot Company

May 13, 2024, 10:47 PM

Kyle Vogt, the co-founder and former CEO of the autonomous vehicle company Cruise, has successfully raised $150 million for his new venture, The Bot Company. This startup focuses on developing robots for household use. The funding round has set the post-money valuation of The Bot Company at $550 million. Notable investors in this round include Spark Capital and Nat Friedman. Vogt's move comes just six months after he resigned from Cruise, signaling his return to the tech industry with a focus on robotics for home assistance.