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The humanoid robotics maker on Sunday reached a $1.15B deal to make home robots


A robotics company Sunday has raised new funds that have made the company valuable, meaning more than $ 1 billion, it he announced Thursday.

Sunday said it has raised $165 million in a $1.15 billion Series B round led by Coate Management. Other investors in the round include Tiger Global, Benchmark, and Bain Capital Ventures.

The company went public late last year and already has 1,000 people on its waiting list, Bloomberg reports.

Sunday, founded by Tony Zhao and Cheng Chi, is on a journey to build a humanoid household robot called Memo that helps with tasks such as washing and cleaning the table.

Scientists have been trying for years to create a robot like this – version of Rosie from “The Jetsons” – but they have come up again and again, mostly due to the lack of knowledge to teach robots how to reliably handle objects of different weights, shapes, and fragility (for example, towels versus wine glasses). As AI technology continues to advance, new robotic systems are hitting the market, hoping to bring humanoid support back to life.

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