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Lucid Bots secures $9.1M in Series A funding led by Cubit Capital to advance its portfolio of autonomous robotics

PRIVATEMay 08, 2024

Amount Raised

$9.1 Million

Round Type

Series A

CharlotteRobotics

Investors

Idea FundCubit Capital

Description

Lucid Bots, a robotics company specializing in building intelligent robots for labor-intensive and dirty jobs, has raised $9.1M in Series A funding led by Cubit Capital. The company plans to utilize the funds to advance its portfolio of autonomous robotics, scale operations, and expand into new markets using its AI-driven software and sensor platform.

Who else raised in Robotics around the same time

Companies in the same sectors as Lucid Bots that raised within 45 days of this round, from Fundz verified event records.

  • Shanghai Hi-Dolphin COFE+ raised an undisclosed amount (Series A) on June 19, 2024.
  • Andromeda Robotics raised $3M (Seed) on June 18, 2024.
  • ARX Robotics raised $9.7M (Seed) on June 10, 2024.
  • DIH Holding US raised $3.3M (Seed) on June 7, 2024.
  • coboworx raised $12M (Funding Round) on June 5, 2024.
  • Botsync raised $5.2M (Series A) on June 5, 2024.

Who to call at Lucid Bots, and when

A new round usually means Lucid Bots is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Lucid Bots

Location

Charlotte, North Carolina, United States

About

Founded in 2018, Lucid Bots Inc. is an AI robotics company that is committed to uplifting humanity by building the world's most productive and responsible robots that can do dangerous and demanding tasks. Headquartered in Charlotte, the company engineers, manufactures, and supports its products domestically, which include the Sherpa, a cleaning drone, and the Lavo Bot, a pressure-washing robot. Lucid's robots are elevating safety and efficiency for a growing number of customers around the world. Lucid is a Y Combinator-backed company, with investments from Cubit Capital, Idea Fund Partners, Danu Ventures, and others.

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Related People

2 contacts
Verified contactsVictorio P., President & Chief Platform Officer hidden hiddenSee plans and pricing
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Lucid Bots raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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