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Stock impact report

Why Serve Robotics is acquiring a hospital assistant robot company [TechCrunch]

Serve Robotics Inc. (SERV) 
Last serve robotics inc. earnings: 2/27 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.servicemaster.com
Company Research Source: TechCrunch
Los Angeles-based Serve Robotics announced Tuesday it was acquiring Diligent Robotics , a startup that builds robots named Moxi designed to assist in hospitals by delivering lab samples, supplies and other tasks. The deal values Diligent's common stock at $29 million. Diligent Robotics was founded in 2017 by Andrea Thomaz and Vivian Chu and has raised more than $75 million in venture capital — most recently raising a $25 million funding round in 2023 The acquisition marks Serve's first foray beyond its food delivery roots. The sidewalk delivery robots company was incubated inside food delivery company Postmates in 2017. The project continued after Uber bought Postmates , before spinning off in 2021. Serve went Serve co-founder and CEO Ali Kashani doesn't view the acquisition as a big deviation from the company's initial target. While the company hasn't focused specifically on healthcare thus far, how Diligent's robot Moxi operates does fit squarely into the company's thesis a Show less Read more
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