FILE PHOTO: Kyle Vogt, CEO and Founder of Cruise Automation, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2017. REUTERS/Mike Blake/File Photo
(Reuters) - Kyle Vogt, former CEO of self-driving car company Cruise, has raised $150 million in a new funding round led by Greenoaks for his robotics startup The Bot Company, valuing the firm launched less than a year ago at $2 billion, sources told Reuters.
This capital injection follows a previous $150 million raised from investors such as Spark Capital and former GitHub CEO Nat Friedman that valued the company at $550 million, sources added, as it is trying to build out the hardware and artificial intelligence-based software to power the robots.
