"Sunday, founded by Tony Zhao and Cheng Chi, is on a quest to build a household humanoid called Memo that helps with tasks like laundry and clearing the table. Experts have been trying for decades to build a robot like this - a type of Rosie from "The Jetsons" - but have come up short time and again, in large part because of a lack of training data to teach robots how to reliably grasp objects of differing weights, textures and fragility."
"Sunday says it has raised a $165 million a $1.15 billion valuation in a Series B round led by Coatue Management. Other investors in the round include Tiger Global, Benchmark, and Bain Capital Ventures. The company emerged from stealth late last year and already has 1,000 people on its waitlist."
Sunday, a robotics company founded by Tony Zhao and Cheng Chi, has raised $165 million in Series B funding at a $1.15 billion valuation, achieving unicorn status. Led by Coatue Management with participation from Tiger Global, Benchmark, and Bain Capital Ventures, the company emerged from stealth last year and has accumulated 1,000 people on its waitlist. Sunday is developing Memo, a household humanoid robot designed to assist with domestic tasks like laundry and clearing tables. The company addresses a decades-long challenge in robotics: creating reliable humanoid helpers. Previous attempts have failed largely due to insufficient training data for teaching robots to grasp objects with varying weights, textures, and fragility. Recent advances in AI technology are enabling a new generation of robotic solutions to finally realize this long-sought goal.
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