The Bot Company, a robotics startup founded by former Cruise CEO and co-founder Kyle Vogt, has secured an additional $150 million in a funding round led by Greenoaks, according to a Reuters report citing anonymous sources.
Vogt established the company alongside Paril Jain, a former AI team leader at Tesla, and Luke Holoubek, who previously worked as a software engineer at Cruise. As of now, Vogt has not responded to requests for comment regarding the funding news.
This additional funding comes less than a year after the launch of The Bot Company, which aims to develop robots to assist with household chores. The company was first introduced in May with an initial $150 million investment from prominent investors such as former GitHub CEO Nat Friedman, Pioneer founder Daniel Gross, Spark Capital general partner Nabeel Hyatt, Stripe CEO Patrick Collison, Stripe co-founder John Collison, and Quiet Capital.
The Bot Company was founded about five months after Vogt resigned as CEO of Cruise, the autonomous vehicle company he established in 2013, which was later acquired by General Motors. His resignation followed an incident on October 2, when a Cruise vehicle hit and dragged a pedestrian 20 feet after the pedestrian had initially been struck by a human-driven car.