Lucid Bots Inc., an trade chief in cutting-edge robotics for labor-intensive duties, introduced right this moment 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 traders 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 stress washing robotic merchandise, whereas quickly scaling its operations and group to higher serve its rising buyer base and develop its platform into new markets.
“In the present day marks an vital milestone in Lucid Bots’ journey, and we’re immensely grateful to our group, prospects, and traders as we construct upon the robust market momentum behind our robots that allow prospects to do extra jobs in much less time, with much less legal responsibility,” stated 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 prospects and higher help our present prospects.”
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 prospects throughout the business, industrial, and municipal sectors.
“What Lucid Bots has achieved is remarkable within the cleansing robotics trade – they’re capable of carry frontier merchandise to market in fast innovation cycles whereas being capital acutely aware. This brings clear sight of profitability and significant scale,” stated Philip Carson of Cubit Capital. “Lucid Bots has pioneered a mannequin the place it prices much less to construct a drone domestically than it might to ship a drone from a producer abroad. These differentiated capabilities, mixed with robust income progress and a confirmed group, carry us immense confidence of their capacity to win on this thrilling, rising market.”
Based in 2018, Lucid Bots’ progressive strategy to commercial-grade cleansing robotics has garnered important traction by the validation of a big selection of functions 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 progress 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 best 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 prospects world wide. 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