Total amount raised
$294 Millions
Latest funding date
Location
Serve Robotics has successfully raised $30 million in financing, marking a significant milestone in its fundraising journey. The company is known for its innovative AI-powered sidewalk delivery robots, which have garnered attention from notable investors and partners.
Keep reading to explore the intricacies of Serve Robotics' fundraising journey and the investors backing this cutting-edge platform.
What Is Serve Robotics?
Founded in 2021, Serve Robotics is an autonomous robotic delivery company based in Los Angeles, California. The company specializes in developing AI-powered sidewalk delivery robots designed to make deliveries more affordable, sustainable, and convenient.
Serve Robotics was co-founded by Ali Kashani and Dmitry Demeshchuk. The company partners with platforms and merchants to help local businesses reach more customers through its zero-emissions rovers.
With a team of 101-250 employees, Serve Robotics continues to innovate in the field of self-driving delivery, aiming to replace traditional delivery methods with efficient robotic solutions.
How Much Funding Has Serve Robotics Raised?
- Seed Round
- Amount Raised: $13M
- Date: December 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop initial prototypes of their AI-powered sidewalk delivery robots.
- Corporate Round
- Amount Raised: $10M
- Date: March 2022
- Lead Investors: NVIDIA
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI capabilities and expand the development of their robotic delivery platform.
- Venture Round
- Amount Raised: $30M
- Date: August 2023
- Lead Investors: NVIDIA, Uber, Wavemaker Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To deploy up to 2,000 new AI-powered sidewalk delivery robots and expand into new markets across the United States.
- Post-IPO Equity
- Amount Raised: $40M
- Date: April 2024
- Lead Investors: Postmates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further advance the company's mobility platform and support continued growth.
- Post-IPO Equity
- Amount Raised: $15M
- Date: July 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance robotic delivery services.
- Post-IPO Equity
- Amount Raised: $20M
- Date: August 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve delivery efficiency.
- Post-IPO Equity
- Amount Raised: $86M
- Date: December 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance technological capabilities.
- Post-IPO Equity
- Amount Raised: $80M
- Date: January 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support large-scale deployment and further innovation in robotic delivery.
Total Amount Raised: $294M. Current Valuation: Not publicly disclosed.
Key Investors
- Uber Technologies
- Details: Uber Technologies is a global ride-hailing and delivery service company. It operates in over 900 metropolitan areas worldwide.
- Investment Focus Areas: Ride-hailing, food delivery, autonomous vehicles.
- Notable Investments: Uber Eats, Uber Freight, autonomous vehicle technology.
- NVIDIA
- Details: NVIDIA is a technology company known for its graphics processing units (GPUs) and AI computing. It has been a pioneer in the field of AI and autonomous machines.
- Investment Focus Areas: AI computing, graphics processing, autonomous machines.
- Notable Investments: AI startups, autonomous vehicle technology, gaming.
- Wavemaker Partners
- Details: Wavemaker Partners is a venture capital firm that invests in early-stage technology companies. It has a strong presence in Southeast Asia and the United States.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Various early-stage tech startups (specific examples not provided).
- Postmates
- Details: Postmates is a logistics company that operates a network of couriers who deliver goods locally. It was acquired by Uber in 2020.
- Investment Focus Areas: Logistics, food delivery, local commerce.
- Notable Investments: Acquired by Uber, involved in various logistics and delivery startups.
- Republic Deal Room
- Details: Republic Deal Room is a platform for private investing. It connects investors with high-growth startups and private companies.
- Investment Focus Areas: Private investing across various sectors.
- Notable Investments: Various private investments (specific examples not provided).
What's Next for Serve Robotics?
Serve Robotics is poised to seize significant opportunities with the deployment of up to 2,000 new AI-powered sidewalk delivery robots and expansion into new U.S. markets. This ambitious plan is backed by a recent $30 million funding round, bringing their total capital raised to $56 million. The company aims to advance its AI mobility platform, enhancing the efficiency and scalability of its robotic fleet.
Future fundraising opportunities appear promising, especially with the strategic involvement of major investors like Uber and NVIDIA. As a public company, Serve Robotics can access broader capital markets, potentially attracting further investments to support its growth. However, the company may face challenges such as competition from other autonomous delivery firms and regulatory hurdles in deploying robots in public spaces.
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 Serve Robotics and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
