Former Cruise CEO Kyle Vogt has successfully raised $150 million for his latest venture, a robotics startup named The Bot Company. What Happened: Alongside former Cruise engineer Luke Holoubek and former Tesla AI employee Paril Jain, Vogt launched The Bot Company, which is now valued at $550 million following this recent funding round, according to a Forbes report.  The startup aims to create home robots capable of handling household chores like cleaning and laundry. Key investors in the round include Spark Capital and Nat Friedman, the former GitHub CEO who now manages a significant AI-focused fund. The company’s business model is centered on selling these robots directly to consumers, with the added feature of customization through a Discord-like chat server.  See Also: Best Tech Penny Stocks Right Now However, this business model could change as the company, which is not yet generating revenue, continues to evolve. The founders’ previous experience with autonomous vehicles at Cruise and Tesla is anticipated to be advantageous in overcoming the technical challenges of creating independent robots.  Why It Matters: Co-founder Jain was a longtime AI manager at Tesla, where he played a significant role in the deployment of Tesla’s Full Self-Driving software, which