Robotics

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Robotics startup Generalist reaches $3B valuation, sources say

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Robotics startup Generalist reaches $3B valuation, sources say

Generalist, a robotics startup, is now valued at $3 billion after raising additional capital led by 8VC, according to two people with knowledge of the funding.

1 min read A Admin

Generalist, a robotics startup, has reached a $3 billion valuation after securing additional funding led by 8VC, according to two people familiar with the financing. The latest investment totals nearly $200 million, according to a regulatory filing. The...

Another ex-Uber exec joins Kalanick's robotics startup

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Another ex-Uber exec joins Kalanick's robotics startup

Former Uber executive Gautam Gupta is the new chief financial officer at Atoms, the robotics startup launched in March by Uber founder Travis Kalanick. Gupta joins a host of other Uber alums at the company, which seeks to operate across sectors including food, mining and transportation. His tenure at Uber ended in July 2017, after more than four years. Weeks earlier, Kalanick stepped down as CEO of the robot maker amid pressure from investors. Last month, Atoms completed a $1.7 billion funding round led by Andreessen Horowitz.

3 min read A Adam Hanafi

Atoms, the robotics startup founded by former Uber CEO Travis Kalanick, has strengthened its leadership team by appointing former Uber executive Gautam Gupta as its new chief financial officer. The hire comes just weeks after the company closed one of the...

Meta bets on humanoid robots with acquisition of ARI

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Meta bets on humanoid robots with acquisition of ARI

Meta has acquired the humanoid robotics startup Assured Robot Intelligence in a deal whose financial terms were not disclosed. Under the terms of the agreement, ARI's team, including co-founders Lerrel Pinto and Xiaolong Wang, will join Meta's Superintelligence Labs. The startup has thus far focused on building foundation models for humanoid robots to perform a variety of tasks, including household chores. Last February, a leaked memo revealed Meta's desire to make a humanoid robot and sell it to consumers.

2 min read WebNovare

Meta has acquired humanoid robotics startup Assured Robot Intelligence (ARI) for an undisclosed sum, the social media giant said. “We acquired Assured Robot Intelligence, a company at the frontier of robotic intelligence designed to enable robots to...