All Updates

All Updates

icon
Filter
Funding
Serve Robotics completes an estimated USD 50 million seed round
Last-mile Delivery Automation
Mar 3, 2021
This week:
Product updates
Hexagon unveils Advanced Compensation for metal 3D printing
Additive Manufacturing
Nov 22, 2024
Funding
Eden AI raises EUR 3 million in seed funding to accelerate product development
Generative AI Infrastructure
Nov 21, 2024
M&A
Wiz acquires Dazz to expand cloud security remediation capabilities
Next-gen Cybersecurity
Nov 21, 2024
Partnerships
Immutable partners with Altura to enhance Web3 game development and marketplace solutions
Web3 Ecosystem
Nov 21, 2024
Funding
OneCell Diagnostics raises USD 16 million in Series A funding to enhance cancer diagnostics
Precision Medicine
Nov 21, 2024
Partnerships
BioLineRx and Ayrmid partner to license and commercialize APHEXDA across multiple indications
Precision Medicine
Nov 21, 2024
Product updates
SOPHiA GENETICS announces global launch of MSK-IMPACT powered with SOPHiA DDM
Precision Medicine
Nov 21, 2024
Product updates
Biofidelity launches Aspyre Clinical Test for lung cancer detection
Precision Medicine
Nov 21, 2024
Partnerships
Spendesk partners with Adyen to enhance SMB spend management with banking-as-a-service solution
Business Expense Management
Nov 21, 2024
M&A
Mews acquires Swedish RMS provider Atomize to enhance Hospitality Cloud platform
Travel Tech
Nov 21, 2024
Last-mile Delivery Automation

Last-mile Delivery Automation

Mar 3, 2021

Serve Robotics completes an estimated USD 50 million seed round

Funding

  • Serve Robotics, a delivery droid operator spun off from Uber, has completed a seed funding round led by venture capital firm Neo, with participation from Uber and other investors. The funding amount has not been officially disclosed but is reported to be around USD 50 million. 

  • The new capital will be utilized to develop its next-generation sidewalk delivery robots.

  • In January 2021, Uber revealed its plans to spin out the robotic delivery service of Postmates, known as Postmates X, as a separate company, Serve Robotics.

  • Serve is an autonomous delivery droid that travels via sidewalks using a combination of LiDAR, sonar, computer vision, time-of-flight cameras, and GPS to navigate. It is roughly 3 ft. tall and can carry up to 50 lbs. in its compartment over a two-mile radius. In December 2020, the unit launched trial deliveries in a partnership with Pink Dot, an online grocery and essentials store in West Hollywood, California.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.