TLDR:
- Lucid Bots, based in Charlotte, NC, raised $9.1M in Series A funding for their robotics for labor-intensive tasks.
- The round was led by Cubit Capital and included participation from Idea Fund Partners, Danu Venture Group, and existing investors Y Combinator’s Growth Fund and Gratus Capital.
Article Summary
Lucid Bots, a Charlotte, NC-based company specializing in robotics for labor-intensive tasks, recently secured $9.1M in Series A funding. The funding round was led by Cubit Capital and included contributions from Idea Fund Partners, Danu Venture Group, as well as existing investors Y Combinator’s Growth Fund and Gratus Capital. The company, founded in 2018 by CEO Andrew Ashur, is focused on building productive and responsible robots capable of handling dangerous and demanding tasks.
Lucid Bots plans to utilize the funds to further develop its portfolio of autonomous robotic solutions, which includes the Sherpa cleaning drone and Lavo Bot pressure washing robot products. Additionally, the company aims to expand its operations and team to better serve its customer base and explore new markets.
With a commitment to engineering, manufacturing, and supporting its products domestically, Lucid Bots is at the forefront of AI robotics innovation. The Sherpa cleaning drone and Lavo Bot pressure-washing robot are just a few examples of the company’s advanced technological offerings.
Overall, the Series A funding will enable Lucid Bots to continue pushing the boundaries of robotics technology and expand its reach in the industry.
