The Bot Company raises $150M seed financing
The Bot Company raised $150 million in seed financing to begin developing household robots under co-founder Kyle Vogt.
Evidence notes
- The financing valued the newly formed company at $550 million post-money.
- Spark Capital and Nat Friedman were among the major backers.
- Nat Friedman, Daniel Gross and Nabeel Hyatt led a broader group of investors and entrepreneurs.
Company context
The Bot Company is developing a general-purpose household robot intended to help with everyday domestic tasks. Founded by Kyle Vogt, Paril Jain and Luke Holoubek, the San Francisco company is building toward a robot for the home rather than a single-purpose appliance.