Insider Brief
- Sunday has raised $165 million in an oversubscribed Series B round led by Coatue, valuing the company at about $1.15 billion and drawing participation from Bain Capital Ventures, Fidelity Management & Research Company, Tiger Global, Benchmark, Conviction and Xtal Ventures.
- The company said the funding will support development and deployment of its autonomous home robot Memo, including a planned beta rollout to early users and expansion of its engineering, research and data operations teams.
- Sunday said Memo is trained on about 10 million real-world household episodes collected from more than 500 homes using its Skill Capture Glove system, which the company uses to gather data for training robots to perform multi-step household tasks.
Sunday has raised $165 million in an oversubscribed Series B round to accelerate deployment of its autonomous home robot, Memo, as the company shifts its focus from demonstrations to real-world use.
According to Sunday, the round valued the company at about $1.15 billion and was led by Coatue, with participation from Bain Capital Ventures, Fidelity Management & Research Company, Tiger Global, Benchmark, Conviction, Xtal Ventures and other investors. Coatue partner Thomas Laffont will join the company’s board as part of the investment.
How Will Sunday Use the New Capital?
Sunday indicated the funding will support development and deployment of its autonomous home robot Memo. That includes a beta rollout of the robot to early users later this year and Sunday said it plans to expand its engineering, research and data operations.
According to Sunday, the company has significantly increased its technical staff in recent months. The company, which emerged from stealth in November with $35 million in funding, said the additional resources are intended to support faster development cycles and improve the process of training and evaluating robotic systems using real-world data.
.The company said its approach to general autonomy is built on three advantages:
- Rapid iteration cycle: The company said it has built a fast model development loop that moves from real-world data collection to model training and field evaluation in short cycles.
- Full-stack development: Sunday controls the entire robotics stack, including data capture through its Skill Capture Glove, AI model development, hardware design and manufacturing.
- Proprietary data pipeline: Data collected from its gloves and robot fleet creates a feedback loop that expands the company’s training datasets and improves robot performance over time.
What is Memo?
Memo is Sunday’s home robot features a stable rolling base, a soft silicone-clad design built to handle chores such as dishes, laundry and general tidying. The company said Memo was trained on about 10 million real-world household episodes collected from more than 500 homes using its Skill Capture Glove system, enabling the robot to perform multi-step tasks in unpredictable residential environments.
Image credit: Sunday
