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New robotics venture from Kyle Vogt

Kyle Vogt, the co-founder and former CEO of self-driving car company Cruise, has wasted no time embarking on his next endeavor. Just months after departing Cruise, Vogt has launched a new startup called The Bot Company that has already raised a staggering $150 million.



The funding round was led by prominent investors including Nat Friedman, Daniel Gross, Nabeel Hyatt, Quiet Capital, Patrick Collison, John Collison, Elad Gil, and Fifty Years among others. However, Vogt remained tight-lipped about the company's specific plans in his announcement on LinkedIn.

"Our team has spent years building robots (including the self-driving kind) that give people some of that time back, and we're taking that a step further with this company," Vogt wrote, hinting that The Bot Company will focus on service or household robots aimed at making life more convenient.

Vogt brings considerable entrepreneurial experience from his previous ventures. He co-founded the live streaming platform in 2007, which later became Twitch and was acquired by Amazon for $970 million in 2014. In 2013, he started Cruise alongside Dan Kan with the goal of launching a fleet of self-driving taxis.

Cruise enjoyed early success, raising over $14 billion from investors and getting acquired by General Motors in 2016 for around $1 billion. Vogt became CEO in 2022 but resigned the following year after a series of high-profile incidents involving Cruise's vehicles that led to the company's autonomous testing permits being suspended by California's DMV.

At The Bot Company, Vogt is joined by co-founder Paril Jain, the former chief technology officer and AI manager at Tesla, as well as Luke Holoubek, who previously served as a technical advisor to Cruise's CTO.

The startup's ambitious $150 million seed funding is a testament to Vogt's track record and investors' faith in the potential of robotics and automation to drive increased productivity and convenience. As modern life grows more complex with longer working hours and tedious chores, companies like The Bot Company aim to develop robotic solutions that can handle mundane tasks and "give people some of that time back."

While details are scarce, The Bot Company's all-star founding team and substantial funding have already generated significant buzz in the tech world. As Vogt and his co-founders begin putting their robotics expertise to work on this new venture, many will be watching closely to see what innovative robots they can deliver.

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