What does Yarbo do?
Yarbo is a developer of a multipurpose intelligent yard robot designed for all-season maintenance. The robot features a modular design, data connectivity, wireless charging, smart route planning, remote control, and advanced obstacle avoidance powered by patented positioning and navigation technology.
How much did they raise?
In its Series B round, Yarbo raised around $27M USD, backed by a group of strategic and financial investors.
What are their plans for the money?
The company plans to use the funds to scale mass production, improve supply chain resilience, and boost research and development, while also accelerating talent acquisition, strengthening liquidity, and preparing for a pre-IPO. This investment is aimed at expanding the company's reach across North America, Europe, Japan, and Australia.
What have they achieved so far?
Yarbo previously raised over $3.45M USD through a crowdfunding campaign in 2022 and achieved more than 6,000 pre-orders in 2024, with expectations of 4-5x sales growth in 2025.