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Former Cruise CEO Vogt's Bot Company secures $150 million

Mar, 25, 2025 Hi-network.com

Kyle Vogt's new robotics startup, The Bot Company, has raised$150 million in a funding round led by Greenoaks, according to Reuters. Vogt, co-founder and former CEO of Cruise launched the company with Paril Jain, ex-Tesla AI tech leader, and former Cruise software engineer Luke Holoubek.

The startup, which aims to produce robots for household chores, raised its initial$150 million in May from notable investors including former GitHub CEO Nat Friedman and Stripe executives Patrick and John Collison.

The latest funding round comes less than a year after Vogt founded The Bot Company, following his resignation as CEO of Cruise in October. Vogt left Cruise after an incident in which one of its autonomous vehicles hit a pedestrian.

The Bot Company's focus on robotics for everyday tasks signals Vogt's continued drive to innovate in the tech space following his departure from Cruise.

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