Ex-Cruise CEO Kyle Vogt Secures $150M for New Robotics Startup

The Bot Company aims to develop household robots despite having no products yet and a $550M valuation.

Kyle Vogt, alongside former Tesla AI head Paril Jain and ex-Cruise engineer Luke Holoubek, launched The Bot Company.
The startup focuses on creating robots to handle household chores like cleaning and laundry.
Despite having no products, The Bot Company has raised $150 million from investors including Spark Capital and Nat Friedman.
The company is currently valued at $550 million, with plans to sell customizable robots directly to consumers.
Vogt's previous ventures include Twitch and Cruise, both of which achieved billion-dollar exits.