Mentioned:
Serve Robotics is aiming to change the way deliveries get made. And now they have a pile of new cash to do it with.
What’s happening:
- Serve Robotics (NASDAQ: SERV) has raised $86M USD in new capital through an at-the-market equity financing and warrant exercises
By the numbers:
- Serve Robotics has now raised $167M USD within the last 12 months
Why it matters:
- Serve Robotics has quickly become one of the most exciting publicly traded robotics companies in America, which has also led to them landing multiple strategic investments from Nvidia (NASDAQ: NVDA)
- Uber (NASDAQ: UBER) originally incubated Serve Robotics prior to spinning the company out and Serve Robotics has become one of Uber’s largest bets on autonomous delivery technology for scaling their Uber Eats platform
Going deeper:
- Serve Robotics has also been starting to ramp up acquisitions, previously striking a notable deal to acquire food robotics company Vebu
