Lucid Bots Inc., an trade chief in cutting-edge robotics for labor-intensive duties, introduced right now that it has raised $9.1M in Collection A funding led by Cubit Capital, with participation from Thought Fund Companions, Danu Enterprise Group, and present buyers that embrace Y Combinator’s Progress Fund and Gratus Capital. Lucid Bots will make the most of the funding to advance its portfolio of autonomous robotic options, together with its flagship Sherpa cleansing drone and Lavo Bot strain washing robotic merchandise, whereas quickly scaling its operations and crew to higher serve its rising buyer base and develop its platform into new markets.
“Right this moment marks an vital milestone in Lucid Bots’ journey, and we’re immensely grateful to our crew, clients, and buyers as we construct upon the robust market momentum behind our robots that allow clients to do extra jobs in much less time, with much less legal responsibility,” mentioned Andrew Ashur, Founder and CEO of Lucid Bots. “The demand for dynamic robots represents one of many largest market alternatives of our technology, and we look ahead to leveraging this funding to speed up the execution of our technique as we develop to serve new clients and higher help our present clients.”
Lucid Bots has constructed a capital-efficient infrastructure encompassing manufacturing, repairs, coaching, and buyer success domestically in-built Charlotte, North Carolina. The corporate’s options are redefining the panorama of autonomous commercial-grade cleansing expertise for quite a few clients throughout the business, industrial, and municipal sectors.
“What Lucid Bots has achieved is unprecedented within the cleansing robotics trade – they’re in a position to convey frontier merchandise to market in speedy innovation cycles whereas being capital acutely aware. This brings clear sight of profitability and significant scale,” mentioned Philip Carson of Cubit Capital. “Lucid Bots has pioneered a mannequin the place it prices much less to construct a drone domestically than it could to ship a drone from a producer abroad. These differentiated capabilities, mixed with robust income development and a confirmed crew, convey us immense confidence of their capability to win on this thrilling, rising market.”
Based in 2018, Lucid Bots’ revolutionary method to commercial-grade cleansing robotics has garnered important traction by way of the validation of a big selection of purposes for its robotic platforms. As market demand continues to develop, Lucid Bots is concentrated on leveraging its differentiated, AI-driven software program and sensor platform to develop into new markets. From cleansing payloads that rejuvenate city landscapes to agricultural payloads that optimize farming practices and supply payloads that redefine logistics, the corporate is on a powerful development trajectory to seize the $100 billion market alternative for clever robots to carry out harmful, labor-intensive duties.
About Lucid Bots, Inc.
Based in 2018, Lucid Bots Inc. is an AI robotics firm that’s dedicated to uplifting humanity by constructing the world’s most efficient and accountable robots that may do harmful and demanding duties. Headquartered in Charlotte, the corporate engineers, manufactures, and helps its merchandise domestically, which embrace the Sherpa, a cleansing drone, and the Lavo Bot, a pressure-washing robotic. Lucid’s robots are elevating security and effectivity for a rising variety of clients around the globe. Lucid is a Y Combinator-backed firm, with investments from Cubit Capital, Thought Fund Companions, Danu Ventures, and others.
For extra data, go to LucidBots.com
