A firm specializing in robotics, Sunday, has secured a fresh investment round which has propelled its valuation to ‘unicorn’ status, signifying a worth exceeding $1 billion, as revealed on Thursday.
Sunday declared it garnered $165 million, achieving a $1.15 billion valuation during its Series B funding, spearheaded by Coatue Management. Additional backers participating in this round comprise Tiger Global, Benchmark, and Bain Capital Ventures.
The enterprise made its public debut towards the close of the previous year and has already amassed a waitlist of 1,000 individuals, according to Bloomberg.
Established by Tony Zhao and Cheng Chi, Sunday is endeavoring to construct a domestic humanoid named Memo, designed to assist with chores such as washing clothes and tidying up dining surfaces.
For many decades, specialists have attempted to create such a robot (akin to Rosie from “The Jetsons”), yet consistently fallen short, primarily due to insufficient training information to instruct robots on how to dependably grip items of varying mass, feel, and delicate nature (for instance: bath sheets compared to stemmed glassware). With the continuous progression of AI innovation, a fresh array of robotic advancements is entering the marketplace, with aspirations of reanimating the concept of a humanoid assistant.
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