Juxta Heads to Texas, Serve Trades OTC

Robotics funding hits $578M to kick off the year

The machines are on the move! They’ve got new partnerships, new funding sources and of course a new destination… Curbivore (we’d better see you there in a few weeks too!)

Juxta’s AI C-Store Heads to Texas

Autonomous shopping tech provider Jexta is heading to the Lonestar State, as the upstart has signed a contract with Urban Value Corner Store (UVCS.) Shoppers scan a payment card to enter the stores, which average about 1,000-1,400 square feet, and will soon be located on the ground floor of high-end apartment complexes around Dallas-Fort Worth.

UVCS

Serve Begins Trading Shares OTC, Hopes for Nasdaq

Delivery bot pioneer Serve Robotics started trading its common stock on March 7th, a bit over half a year after first announcing the move. The company’s stock is trading on the OTCQB® Venture Market, under the ticker symbol SBOT. While the company listed its stock at $25 per share, as of publication it sits at about $5.32.

Because persistence is the mother of success, this morning the company also filed that it intends to list on the Nasdaq, hoping to raise $46 million under the symbol SERV. The company notes in its prospectus that it has over 100 robots and has completed 50,000+ deliveries, and has a deal in place with auto manufacturing giant Magna. Also of note is that while the company raised $5 million in debt on February 23rd, Serve continues to burn $1.7 million per month.

Robotics Startups Haul in $578M in January

Robotics funding was off to a decent start at the beginning of the year, with the industry raising $578 million in January, up 11% from the year prior. Topping the list, 1X Technologies raised $100M for its humanoids, while Bluewhite secured $39M, Burro grabbed $24M and Saga scored $11.5M for autonomous farming.

Curbivore’s Around the Corner

We’re all hands on deck putting on the industry’s most interesting event — Curbivore — so expect the pace of publishing to slow down a bit until our March 28th and 29th gathering. Curbivore needs to be seen, and tasted, to be believed… thanks to our amazing robotics and food partners. Shout out to BIB Technologies, which will be serving tongue-teasing Fro from its custom-built mobile vending solutions.

If you don’t already have a ticket to Curbivore, you’re running out of time to save on admission!