I am a staff writer covering venture capital, startups and AI. I am based in San Francisco and work on the technology team. Previously, I covered tech billionaires as a wealth reporter. I graduated from Duke University, where I spent time as news editor for The Chronicle, the university's independent news organization.
Vogt, who resigned from the self-driving car company amid a crisis just six months ago, landed a $550 million valuation for a new company which wants to sell robots for personal uses like cleaning your house. Kyle Vogt cofounded Twitch and Cruise , two companies that achieved billion-dollar exits in sales to Amazon and General Motors, respectively.Pitched to investors under the name The Bot Company , the new startup’s post-money valuation is $550 million, two of the people said.
The startup is making a play at building hardware and software for at-home robots that can do things like housekeeping and laundry, six sources said. The company is considering human-shaped robots, as well as other form factors, according to a source with direct knowledge.
Perhaps the biggest beneficiary so far is Figure AI, which in January announced a collaboration with BMW and the following month landed a $2.6 billion valuation from the likes of Microsoft, Nvidia, OpenAI and Jeff Bezos. Though none of its humanoid robots have been deployed andat company offices that they still struggle to walk reliably, cofounder Brett Adcock said he expected his robots to be on the production line at a BMW auto factory in 12 to 18 months.
Cruise Paril Jain The Bot Company Nat Friedman Luke Holoubek
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