Dyna Robotics Raises $120M Series A

Gunderson Dettmer represented client Dyna Robotics in its $120 million Series A financing led by RoboStrategy, CRV and First Round Capital, with participation from Salesforce Ventures, NVentures, the Amazon Industrial Innovation Fund, Samsung Next and LG Technology Ventures.

Dyna has made rapid progress since raising a $23.5 million seed round in March, including launching its DYNA-1 model, a breakthrough robotics foundation model that pushed the performance of robots to a 99+% success rate in 24 hours of non-stop operation. Dyna is the first to build a single-weight, general-purpose foundation model that can perform diverse daily tasks at commercial scale across varied environments. 

The new capital will be used to expand its world-class research and engineering team and accelerate the development of its next-generation foundation model as the company works to deliver high performance general-purpose robots in commercial environments.

In the announcement of the transaction, Dyna Robotics co-founder and CEO Lindon Gao said, “A strong foundation model is key to scalable distribution. Our models continuously improve with each customer deployment, generating high-quality data. We are observing true generalization as our robot enters new environments; it simply works out of the box, with no additional data.”

The Gunderson deal team was led by Ryan Purcell and included Handi Xu and Rishika Jikaria.

Companies
Dyna Robotics
RobotStrategy
CRV
First Round Capital
Salesforce Ventures
NVentures
Amazon Industrial Innovation Fund
Samsung Next
LG Technology Ventures