Postmates Spins Out Robotics Division, Now Called Serve Robotics
Following Uber’s acquisition of Postmates, the robotics division of Postmates has been spun out to create an independent company, called Serve Robotics. The new company said it has closed its first round of funding, led by venture capital firm Neo, with participation by Uber and other investors. The spinout will continue to develop its autonomous robots to deliver goods in urban environments to provide contactless delivery options. Terms of the funding were not released.