London-based robotics startup Humanoid has secured $152 million in Series A funding, with Bosch poised to manufacture its wheeled robots on a large scale.
**Summary:** London-based robotics firm Humanoid has secured $152 million in a Series A funding round, led by Prime Movers Lab, raising its valuation to over $1 billion. Bosch has agreed to manufacture its wheeled robots at scale. The funding brings Humanoid's total investment to $270 million, despite the company being only two years old and not yet having delivered a commercial product. Bosch will provide manufacturing and supply chain support, significantly enhancing Humanoid's production capabilities. Founded in May 2024 by Artem Sokolov, who invested $30 million of his own funds, Humanoid develops wheeled and bipedal humanoid robots on the HMND 01 platform with an AI system called KinetIQ. The company claims to have 34,000 robot pre-orders valued at nearly $2.5 billion, though this figure remains unverified. The startup's assertion of being Europe's first pure-play humanoid robotics unicorn is challenged by other companies like Neura Robotics and THEKER. Goldman Sachs estimates the global humanoid robot market could be worth about $38 billion by 2035, highlighting a disparity between market valuations and actual revenue in the sector. Whether Humanoid can bridge this gap with its technology and partnerships is the key uncertainty surrounding this funding round.
Other articles
London-based robotics startup Humanoid has secured $152 million in Series A funding, with Bosch poised to manufacture its wheeled robots on a large scale.
Humanoid secured $152 million in funding, spearheaded by Prime Movers Lab, achieving a valuation of one billion dollars. Bosch is serving as the contract manufacturer, and there are reported pre-orders totaling 34,000.
