Total amount raised
$3.3 Millions
Latest funding date
Location
rabbit has successfully raised $58,699,936 over three funding rounds, attracting significant interest from investors. The platform is backed by notable investors such as J17 Capital, Khosla Ventures, and Kakao Investment.
Keep reading to explore the intricacies of rabbit's fundraising journey and the investors backing this innovative platform.
What Is rabbit?
Founded in 2021, rabbit is a technology company based in Los Angeles, California. The company specializes in developing consumer electronics and software, including the Large Action Model (LAM) and rabbit OS.
rabbit was founded by Cheng Lu, Dan Ferris, Justin Oren, and Peiyuan Liao. The team has grown to include 11-50 employees, all dedicated to creating innovative, intuitive interactive paradigms.
Their flagship product, the rabbit r1, is an affordable AI companion device designed in collaboration with Teenage Engineering, showcasing the company's commitment to accessible and advanced technology.
How Much Funding Has rabbit Raised?
- Seed Round
- Amount Raised: $3.3M
- Date: February 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their initial products and technology.
- Series A
- Amount Raised: Not publicly disclosed
- Date: May 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: Not publicly disclosed
- Date: July 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and prepare for market entry.
Total Amount Raised: $3.3M
Current Valuation: Not publicly disclosed
Key Investors
- J17 Capital
- Details: J17 Capital is a venture capital firm known for its strategic investments in early-stage technology companies. They have a reputation for supporting innovative startups with high growth potential.
- Investment Focus Areas: Technology, AI, Consumer Electronics
- Notable Investments: Rabbit, OpenAI, Stripe
- Khosla Ventures
- Details: Founded by Vinod Khosla, Khosla Ventures manages over $15 billion in assets. The firm focuses on early-stage companies that aim to disrupt traditional industries.
- Investment Focus Areas: AI, Sustainability, Health, Frontier Technologies
- Notable Investments: OpenAI, DoorDash, Square
- Kakao Investment
- Details: Kakao Investment is the venture capital arm of Kakao Corporation, a South Korean internet company. They focus on strategic investments in technology and startups.
- Investment Focus Areas: Technology, Startups, AI
- Notable Investments: Rabbit, Toss, Dunamu
- Synergis Capital
- Details: Synergis Capital is a venture capital firm that invests in high-growth technology companies. They are known for their hands-on approach in scaling startups.
- Investment Focus Areas: Technology, AI, Consumer Electronics
- Notable Investments: Rabbit, Palantir, SpaceX
- Not Disclosed
- Details: The fifth major investor in rabbit has not been publicly disclosed. This investor has participated in multiple funding rounds, contributing to the company's growth.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
What's Next for rabbit?
With a fresh $20 million funding round led by Khosla Ventures, rabbit is poised to scale its engineering and product development efforts. The upcoming hardware launch, featuring the Large Action Model (LAM), promises to revolutionize user interaction with technology, tapping into a growing market for AI-powered personalized operating systems.
As rabbit prepares for this significant opportunity, future fundraising rounds are likely, attracting strategic partners and venture capital firms. However, the company faces challenges such as competition from established AI and consumer hardware companies and the technical complexities of perfecting LAM. Convincing users to adopt rabbit OS over traditional interfaces will also be crucial for success.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like rabbit and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
