Former Cruise CEO Vogt’s Bot Company secures $150 million
Vogt’s new venture, The Bot Company, aims to create robots for household chores, with recent funding from top investors including Stripe’s Patrick and John Collison.
Kyle Vogt’s new robotics startup, The Bot Company, has raised $150 million in a funding round led by Greenoaks, according to Reuters. Vogt, co-founder and former CEO of Cruise launched the company with Paril Jain, ex-Tesla AI tech leader, and former Cruise software engineer Luke Holoubek.
The startup, which aims to produce robots for household chores, raised its initial $150 million in May from notable investors including former GitHub CEO Nat Friedman and Stripe executives Patrick and John Collison.
The latest funding round comes less than a year after Vogt founded The Bot Company, following his resignation as CEO of Cruise in October. Vogt left Cruise after an incident in which one of its autonomous vehicles hit a pedestrian.
The Bot Company’s focus on robotics for everyday tasks signals Vogt’s continued drive to innovate in the tech space following his departure from Cruise.
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