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 GitHub CEO Nat Friedman, which valued the company at $550 million.

The Bot Company aims to develop robots designed to assist with everyday tasks, such as household chores. According to Reuters, the robots are non-humanoid, featuring a base and grips.

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Vogt launched the startup about five months after stepping down as CEO of Cruise, the autonomous vehicle company he founded in 2013 and later sold to General Motors. Reports suggest his resignation came after an October 2 incident where a Cruise vehicle dragged a pedestrian who had been struck by a human-driven car.

Last month, Bloomberg reported that Meta is focusing on developing AI-powered humanoid robots to act like humans and assist with physical tasks like household chores. The company is investing heavily in robots that can perform human tasks and has created a new team within its Reality Labs division to lead the effort, following its push into augmented reality and AI.