Walden Robotics Raises $300 Million For General Purpose Robots

There’s a new general purpose robotics startup. And Toyota is behind it.

What’s happening:

• Walden Robotics has successfully raised $300M USD in a seed financing round
  

By the numbers:

• The seed financing round gives Walden Robotics a valuation of $1.1B USD
  

Why it matters:

• Toyota’s venture capital arm was the lead investor in Walden Robotics seed financing round
  

Going deeper:

• Walden Robotics develops and manufactures general purpose robots that are capable of performing manual labour in industrial environments alongside of human beings
  
• Toyota incubated Walden Robotics prior to spinning it out as its own independent company and has publicly stated they are currently deploying Walden Robotics’ general purpose robots at one of their production plants located in North America
  
• Nvidia (NASDAQ: NVDA), Boeing, Samsung and CoreWeave (NASDAQ: CRWV) also participated in Walden Robotics’ capital raise
  

The intrigue:

• Toyota has been aggressively making moves focused on leveraging robotics for manufacturing lately, including previously deploying humanoid robots made by Agility Robotics at their Woodstock, Ontario facility