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Robotics company Sunday It raised a new funding round that valued the company at unicorn status, meaning more than $1 billion Announce Thursday.
Sunday says it has raised $165 million at a $1.15 billion valuation in a Series B round led by Coatue Management. Other investors in the round include Tiger Global, Benchmark and Bain Capital Ventures.
The company came out of stealth late last year and already has 1,000 people on its waiting list. Bloomberg reports.
Founded by Tony Zhao and Cheng Chi, Sunday Company seeks to build a humanoid home robot called Memo that helps with tasks like doing laundry and clearing the table.
Experts have been trying for decades to build a robot like this – Kind of like Rosie from “The Jetsons” — but they have cropped up again and again, largely due to a lack of training data to teach robots how to reliably grasp objects of different weights, textures, and fragility (e.g., towels versus wine glasses). As AI technology continues to advance, a new range of robotic technologies have emerged on the market, with the hope of bringing a human assistant back to life.
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