London robotics startup Humanoid raises $152M Series A, with Bosch set to manufacture its wheeled robots at scale
TL;DR
London’s Humanoid raised $152M led by Prime Movers Lab at a billion-dollar-plus valuation, with Bosch signed on to build its wheeled robots at scale.
London-based robotics startup Humanoid has raised $152 million in a Series A round led by Prime Movers Lab, the venture firm behind Figure AI’s $39 billion valuation, pushing Humanoid’s own valuation above $1 billion. Bosch, Schaeffler, Aglaé Ventures, the investment arm of LVMH chairman Bernard Arnault, and Taiwan’s Fubon Financial also participated. The round brings total funding to $270 million for a company that is barely two years old and has not yet shipped a commercial unit.
The most consequential detail may not be the cheque but the manufacturing deal attached to it. Robert Bosch Robotics, a subsidiary of the German industrial group, will act as Humanoid’s contract manufacturer, providing hardware design, production capacity, and supply chain expertise. That arrangement gives a startup with roughly...
Copyright of this story solely belongs to thenextweb.com. To see the full text click HERE
