Robotic Arms Company Considers Investment at $600 Million Valuation

Companies like Physical Intelligence or Skild AI that aim to build robots that can handle a variety of tasks out of the box have raised hundreds of millions in funding over the last two years. Now, a startup that’s taking a different approach—building robots that master one task at a time—is raising a new round of funding. 

The startup, Redwood City, California-based Dyna Robotics, is considering multiple investment offers valuing it at $600 million, including the investment, according to a person involved in the process. The offers are coming just nine months after the company closed its $23.5 million seed round, which valued it at around $100 million. Dyna’s executives haven’t yet decided how much funding they will raise, but it’s likely to be more than $100 million, the person said.

Dyna aims to deploy its robots in specific industries earlier on than its competitors, so it can master more narrowly-defined tasks like folding laundry and preparing food in hotels or restaurants. This real world experience and repetition will help Dyna’s robots master individual skills faster and get to more generalized intelligence, the company has said.