Cubit Capital

Assembly Line

Lucid Bots Raises $9M Series A to Scale Productive Robotics Solutions

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Lucid Bots, Cubit Capital

Lucid Bots Inc., an industry leader in cutting-edge robotics for labor-intensive tasks, announced that it has raised $9.1M in Series A funding led by Cubit Capital, with participation from Idea Fund Partners, Danu Venture Group, and existing investors that include Y Combinator’s Growth Fund and Gratus Capital. Lucid Bots will utilize the funding to advance its portfolio of autonomous robotic solutions, including its flagship Sherpa cleaning drone and Lavo Bot pressure washing robot products, while rapidly scaling its operations and team to better serve its growing customer base and expand its platform into new markets.

Lucid Bots has built a capital-efficient infrastructure encompassing manufacturing, repairs, training, and customer success domestically built in Charlotte, North Carolina. The company’s solutions are redefining the landscape of autonomous commercial-grade cleaning technology for numerous customers across the commercial, industrial, and municipal sectors.

Read more at PR Newswire