Kyle Vogt's Robotics Startup Raises $150M - Cruise Exec's New Venture

The Bot Company Secures $150 Million in New Funding

The Bot Company, a robotics venture established by Kyle Vogt – previously co-founder and CEO of Cruise – has reportedly secured $150 million in a funding round. This information comes from Reuters, which cites sources remaining anonymous.

Vogt initiated the company alongside Paril Jain, formerly leading the AI technology division at Tesla, and Luke Holoubek, a previous software engineer at Cruise. Attempts to obtain a statement from Vogt were unsuccessful.

Focus on Household Robotics

This latest investment arrives less than a year following the launch of The Bot Company. The company’s core objective is the development of a robot specifically designed for performing household tasks.

The company initially began operations in May, having already received $150 million in seed funding. Investors included Nat Friedman, ex-CEO of GitHub and a prominent investor, Daniel Gross of Pioneer, Nabeel Hyatt from Spark Capital, and the Collison brothers – Patrick and John, CEOs and co-founders of Stripe – alongside Quiet Capital.

Following Vogt’s Departure from Cruise

The establishment of this new venture occurred approximately five months after Vogt stepped down from his position as CEO of Cruise. He founded Cruise in 2013, and it was subsequently acquired by General Motors.

Vogt’s resignation was prompted by an incident in October. A Cruise vehicle struck a pedestrian who had already been hit by a conventionally driven car, subsequently dragging the individual for 20 feet.

This event led to scrutiny and ultimately influenced the leadership transition at Cruise.