Close Menu
TechTost
  • AI
  • Apps
  • Crypto
  • Fintech
  • Hardware
  • Media & Entertainment
  • Security
  • Startups
  • Transportation
  • Venture
  • Recommended Essentials
What's Hot

Robot hand company settles Tesla trade secret, announces $11 million raise

TIDAL is fighting AI music, cutting off monetization

Pocket raises $11M in bet on growing demand for AI note-taking devices

Facebook X (Twitter) Instagram
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
Facebook X (Twitter) Instagram
TechTost
Subscribe Now
  • AI

    Robot hand company settles Tesla trade secret, announces $11 million raise

    29 June 2026

    OpenAI restricts GPT-5.6 release at government request, says restrictions shouldn’t be the norm

    29 June 2026

    Why Wall Street thinks US memory maker Micron is the next Nvidia

    28 June 2026

    SoftBank’s CEO isn’t the only one with questions about Elon Musk’s orbital data center hype

    28 June 2026

    The loudest founder in the room got cancer. See how it used artificial intelligence to fight back.

    27 June 2026
  • Apps

    TIDAL is fighting AI music, cutting off monetization

    29 June 2026

    TikTok’s road to becoming a super app

    26 June 2026

    Adobe acquires image and video enhancement tools maker Topaz Labs

    26 June 2026

    Google Finance is getting a dedicated app for Android

    25 June 2026

    Facebook is launching an AI companion app for creators

    25 June 2026
  • Crypto

    Startup Battlefield 200 applications close today

    27 May 2026

    5 days left: Save up to $410 on Disrupt 2026 passes

    25 May 2026

    As crypto cools, a16z crypto raises $2.2 billion in capital

    6 May 2026

    Coinbase to lay off 14% of staff as part of broader restructuring

    5 May 2026

    British cryptographer Adam Back denies NYT report that he is Bitcoin creator Satoshi Nakamoto

    9 April 2026
  • Fintech

    India’s payments chief believes artificial intelligence will play a big part in the next era of digital payments development

    28 June 2026

    Early Bird pricing ends tonight for the Founder Summit

    26 June 2026

    4 days left to save up to $190 on Founder Summit 2026

    23 June 2026

    Robinhood’s note on 10% layoffs shows that blaming AI doesn’t cut it

    17 June 2026

    Anthropic’s latest spat with the Trump administration may actually help it, sales figures suggest

    17 June 2026
  • Hardware

    Pocket raises $11M in bet on growing demand for AI note-taking devices

    29 June 2026

    Govee’s smart nugget ice maker makes every frozen drink feel like luxury

    28 June 2026

    Apple Raises Mac and iPad Prices, Saves iPhone for Now

    26 June 2026

    Xbox follows Apple with price hikes

    26 June 2026

    Meta is debuting new, cheaper smart glasses under its own brand

    24 June 2026
  • Media & Entertainment

    YouTube Shorts just got even shorter with an update that lets you double the playback speed

    25 June 2026

    Deezer says its new feature allows fans to remix songs with the artist’s consent

    24 June 2026

    Instagram looks set to take on streaming services with a longer, episodic and live format for its TV app

    22 June 2026

    Spotify’s reserved ticket sales to music superfans are now live

    18 June 2026

    Google is betting on Gemini to reinvent the smart home speaker

    18 June 2026
  • Security

    The Klue hack results in a data breach at several cybersecurity companies

    26 June 2026

    Cellebrite said it cut off Russia, but Russia used its tools anyway

    26 June 2026

    Hacked Klue Says Criminals Are Deleting Stolen Customer Data, But Now Other Hackers Are Making Threats

    25 June 2026

    Anthropic says Claude might want to see your ID

    25 June 2026

    New site names and shame on companies that still don’t offer passwords to users

    24 June 2026
  • Startups

    2 days left to save up to $190 on Founder Summit

    28 June 2026

    Asian AI startups launch Mythos-like models as Anthropic export ban extends

    27 June 2026

    Corgi, the buzzy Y Combinator-backed insurance tech startup, says it didn’t steal an open source product

    27 June 2026

    Robotaxis drives miles just to be cleaned and charged. this new startup wants to fix that

    26 June 2026

    Base Power powered by a16z delivers cheaper electricity to the grid that needs it most

    26 June 2026
  • Transportation

    TechCrunch Mobility: All eyes on Tesla FSD

    28 June 2026

    Slate Auto’s radically simple electric truck starts at $24,950

    27 June 2026

    OpenAI poaches Uber India chief to lead its largest market outside the US

    26 June 2026

    This new tracking tag could help solve cargo theft

    26 June 2026

    Trump admin proposes reducing brake pedal requirement for AVs in a boost for Tesla

    25 June 2026
  • Venture

    Patronus AI lands $50 million to create ‘digital worlds’ that stress-test AI agents

    26 June 2026

    How to invest when everything is moving too fast

    24 June 2026

    After betting the company on Anthropic, Menlo Ventures raises $3 billion in winning capital

    24 June 2026

    Seedcamp Raises $320M for New Fund to Expand US Footprint

    22 June 2026

    The 11 startups that stood out from YC’s demo day, according to VCs

    19 June 2026
  • Recommended Essentials
TechTost
You are at:Home»AI»Robot hand company settles Tesla trade secret, announces $11 million raise
AI

Robot hand company settles Tesla trade secret, announces $11 million raise

techtost.comBy techtost.com29 June 202605 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Robot Hand Company Settles Tesla Trade Secret, Announces $11 Million
Share
Facebook Twitter LinkedIn Pinterest Email

Jay Li doesn’t recommend getting sued by Tesla if you’re trying to start a startup. But he believes his company, Proception, could be better for having endured the experience.

“I think it’s kind of like a stress test or a stress test,” he told TechCrunch in an exclusive interview. “People say what doesn’t kill you makes you stronger, right?”

Lee, who was technical lead on Tesla’s Optimus humanoid robot program, was he was accused by his former employer last year of absconding with trade secrets to launch Proception. But after months marketing legal blows, eventually reached a settlement with Tesla, which dropped the lawsuit earlier this month. (Tesla did not respond to a request for comment.)

Now Lee is free to tackle what he believes is an even more difficult problem: making the robot’s hands work like human hands.

To do that, Proception announced Monday that it has raised an $11 million seed round led by First Round Capital, with contributions from Y Combinator and early-stage fund BoxGroup.

Proception also announced Monday that it is sending the first batch of its “high-dexterity robotic arm” to “robotics researchers and companies” while opening up to wider orders. The goal, Li said, is to become the go-to supplier to other companies that don’t want to spend time or resources developing what’s known in the industry as “skillful handling.”

While there has been an avalanche of money and attention rushed into the world of robotics, Li believes that not enough has been done to make robotic hands truly mimic human hands.

One of the loudest voices talking about this challenge was actually his old boss, Tesla CEO Elon Musk, who said robot hands are one of the biggest engineering problems yet to be solved.

While Musk has claimed that Optimus robots could start working in factories within a few years, the consensus is that becoming human-equivalent robotic arms is still years away. Kevin Lynch, director of Northwestern University’s Center for Robotics and Biosystems, told the Wall Street Journal last year that his team believes it will be a decade before they are “functional and useful and able to do some of the things that humans do.”

Li believes Proception can do this much faster, in large part because of the way it collects data.

Most companies that train humanoid robots currently use remote operators to train their systems. A human wearing a virtual reality headset is able to see what a robot sees and manipulate what is in front of that robot, then the robot can learn from the commands given by the human.

A big drawback of this approach, according to Li, is that the remote controller does not receive feedback from the objects the robot is touching. This approach is also limited by the number of robots a company has at any given time, Li said.

Proception’s solution is a glove loaded with sensors. With human testers wearing the gloves (and a headset), Proception and its customers can capture “human hand interaction data without requiring a robot in the loop,” according to Proception’s press release.

This same glove also goes on the hand Proception grows, acting as her sensor-filled “skin.” The hand has 22 degrees of freedom and multiple joints per finger to allow for a “large range of dexterous movements,” according to Proception.

Li said this approach will also allow Proception and its customers to gather finer, more specific data on tasks that can allow its robotic hands to more accurately resemble human hands. He also believes that it is more suitable for scaling.

“You need both hardware and data and they have to come hand in hand to get them [dextrous manipulation] to work Many companies focus exclusively on hardware or like hardware and non-scalable data [collection]”, he said. “We’re working on this highly dexterous hardware and highly scalable data. We believe this is a key combination to solve this problem.”

First Round partner Bill Trenchard, who led the investment in Proception, said that was a big reason he backed Li.

“We think they will have the best arm on the market, probably the most sophisticated arm today, and the underlying data and models to support it,” he told TechCrunch. “Dextrous manipulation is a very, very, very important part of the whole humanoid story going forward, and as many people have said, it’s the last mile to make these robots really perform.”

Trenchard also praised Li’s ability to keep his cool while being sued by his former employer.

“He was very biased towards us when this came out and I think the team did an amazing job of keeping their heads down,” Trenchard said. “Jay is a very strong leader.”

Lee is also confident. After facing ‘Tesla’hard-line judiciary,” he told TechCrunch that he wouldn’t be surprised if the company comes asking for help as Proception grows.

“I think it will happen,” he said.

When you purchase through links in our articles, we may earn a small commission. This does not affect our editorial independence.

announces arrest company Exclusive hand million raise robot Robotics Secret settles Tesla Trade
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleTIDAL is fighting AI music, cutting off monetization
bhanuprakash.cg
techtost.com
  • Website

Related Posts

OpenAI restricts GPT-5.6 release at government request, says restrictions shouldn’t be the norm

29 June 2026

TechCrunch Mobility: All eyes on Tesla FSD

28 June 2026

Why Wall Street thinks US memory maker Micron is the next Nvidia

28 June 2026
Add A Comment

Leave A Reply Cancel Reply

Don't Miss

Robot hand company settles Tesla trade secret, announces $11 million raise

29 June 2026

TIDAL is fighting AI music, cutting off monetization

29 June 2026

Pocket raises $11M in bet on growing demand for AI note-taking devices

29 June 2026
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Fintech

India’s payments chief believes artificial intelligence will play a big part in the next era of digital payments development

28 June 2026

Early Bird pricing ends tonight for the Founder Summit

26 June 2026

4 days left to save up to $190 on Founder Summit 2026

23 June 2026
Startups

2 days left to save up to $190 on Founder Summit

Asian AI startups launch Mythos-like models as Anthropic export ban extends

Corgi, the buzzy Y Combinator-backed insurance tech startup, says it didn’t steal an open source product

© 2026 TechTost. All Rights Reserved
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer

Type above and press Enter to search. Press Esc to cancel.