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

In Brief

Robotics company Sunday has raised a caller backing circular that has valued the institution astatine unicorn status, meaning implicit $1 billion, it announced connected Thursday.

Sunday says it has raised a $165 cardinal a $1.15 cardinal valuation successful a Series B circular led by Coatue Management. Other investors successful the circular see Tiger Global, Benchmark, and Bain Capital Ventures.

The institution emerged from stealth precocious past twelvemonth and already has 1,000 radical connected its waitlist, Bloomberg reports.

Sunday, founded by Tony Zhao and Cheng Chi, is connected a quest to physique a household humanoid called Memo that helps with tasks similar laundry and clearing the table.

Experts person been trying for decades to physique a robot similar this — a benignant of Rosie from “The Jetsons” — but person travel up abbreviated clip and again, successful ample portion due to the fact that of a deficiency of grooming information to thatch robots however to reliably grasp objects of differing weights, textures and fragility (think: towels versus vino glasses). As AI exertion continues to advance, a caller slew of robotic technologies is hitting the market, hoping to erstwhile again bring the humanoid helper to life.

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