Deviation Capital Co-Leads Walden Robotics $300 Million Seed Financing

Gunderson Dettmer represented Deviation Capital as a co-lead investor in the $300 million seed financing of Walden Robotics. The round, which values the company at $1.1 billion, was co-led by Toyota with participation from NVIDIA, Boeing, AE Ventures, Samsung Ventures, Prologis Ventures, CoreWeave Ventures, and financial partners Calibrate Ventures, Colle Capital, Shine Capital, NextView Ventures, Squarepoint Capital, One Madison Group, KAS Venture Partners, and Menlo Ventures, among others.

Walden Robotics is a full-stack physical AI company building and deploying general-purpose robots that put human ingenuity to work at industrial scale. The company will use the new capital to meet fast-growing needs from industries facing labor shortages, demographic shifts, competitive pressure, and increased demand.

“Advances in AI are making a new generation of adaptable robots possible, and Walden sits right at the center of that shift,” said Deviation Capital Founding Partner Colin Beirne, in the announcement of the transaction. “The Walden team is generational, bringing together a rare, interdisciplinary group of experts spanning foundational robotics research, large-scale production hardware, and operational and business leadership. They earn their place on the factory floor by doing real work while helping their customers increase their productivity and competitiveness for the long term." 

The Gunderson deal team included Hozefa Botee and Rafa Bellaver.