K-Scale Labs has only $400,000 left on its books and declared bankruptcy: Open-source humanoid robots can't compete with Chinese price wars
Y Combinator's 2024 star startup K-Scale Labs shuts down, unable to deliver DevKit desktop humanoid robots. CEO Ben Bolt announced refunds and liquidation with $400K remaining cash. The company, founded in 2024, had raised $4M seed funding at a $50M valuation.....
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