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Kyle Vogt raised $150 million for household robot startup - six months after he resigned as CEO of embattled robotaxi company Cruise

Vogt, who resigned from the Cruise amid a crisis just 6 months ago, landed a $550 million valuation for a household robot startup.

© 2023 BLOOMBERG FINANCE LPKyle Vogt, who resigned as CEO of embattled robotaxi company Cruise six months ago, has raised $150 million in funding for a new robotics startup, sources told Forbes. Venture capitalists are increasingly betting that the performance improvements AI has seen in the last two years for generating text, images, videos and audio will also carry over to the physical world in the shape of robots. 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.

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