General-Purpose Robot Startup XDOF Nears $1.2 Billion Valuation in Series B Funding
General-purpose robot training startup XDOF is in late-stage negotiations for a Series B funding round, targeting a valuation of approximately $1.2 billion, according to TechCrunch. Led by 8VC, this round follows the company's emergence from stealth mode less than three months ago. Founded in 2024 by UC Berkeley researchers Philipp Wu and Fred Shentu, XDOF has seen rapid growth with an annualized revenue nearing $50 million. While the exact funding amount remains undisclosed, the deal terms are not yet finalized and remain subject to change.
Summaries are written by AI from the original article. Not investment advice.