Humanoid maker Sunday reaches $1.15 billion valuation to build household robots

Humanoid maker Sunday reaches $1.15 billion valuation to build household robots

Robotics company Sunday has raised a new funding round that has valued the company at unicorn standing, which means over $1 billion, it announced on Thursday.

Sunday says it has raised a $165 million a $1.15 billion valuation in a Series B round led by Coatue Management. Other buyers in the round embody Tiger Global, Benchmark, and Bain Capital Ventures.

The company emerged from stealth late last yr and already has 1,000 people on its waitlist, Bloomberg stories.

Sunday, based by Tony Zhao and Cheng Chi, is on a quest to build a household humanoid called Memo that helps with duties like laundry and clearing the desk.

Experts have been making an attempt for many years to build a robotic like this — a kind of Rosie from “The Jetsons” — however have come up quick time and again, in large half because of a scarcity of training data to educate robots how to reliably grasp objects of differing weights, textures and fragility (suppose: towels versus wine glasses). As AI technology continues to advance, a new slew of robotic applied sciences is hitting the market, hoping to as soon as again convey the humanoid helper to life.

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