Humanoid manufacturer Sunday attains a valuation of $1.15 billion to create domestic robots.

Humanoid manufacturer Sunday attains a valuation of $1.15 billion to create domestic robots.

The robotics firm Sunday has completed a funding round that has elevated the company to unicorn status, indicating a valuation of over $1 billion, as stated on Thursday.

According to Sunday, it has secured $165 million at a $1.15 billion valuation in a Series B round overseen by Coatue Management. Additional participants in this round include Tiger Global, Benchmark, and Bain Capital Ventures.

Having emerged from stealth at the end of last year, the company reportedly has 1,000 individuals on its waitlist, as per Bloomberg.

Founded by Tony Zhao and Cheng Chi, Sunday aims to create a domestic humanoid named Memo that assists with chores such as laundry and table clearing.

For decades, experts have aspired to create a robot resembling this — akin to Rosie from “The Jetsons” — but have faced repeated challenges, primarily due to the deficiency of training data necessary for teaching robots to adeptly handle objects with varying weights, textures, and fragility (consider: towels against wine glasses). As advancements in AI technology persist, a wave of new robotic innovations is entering the marketplace, striving to resurrect the concept of the humanoid assistant.

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