Walden Robotics, a new entity spun out of Toyota Research, emerged from stealth today with a valuation of $1.1 billion. This launch clarifies the robotics strategies of major automotive companies, with Toyota backing Walden Robotics and other players like Tesla, Rivian, Hyundai, BMW, and Mercedes-Benz aligning with specific robotics ventures.
Major automotive manufacturers are making significant, named investments in robotics, signaling a broad industry shift towards embodied AI and automation.