# Dyna Robotics revenue, valuation & funding

Markdown copy of https://realalpha.app/companies/dyna-robotics/ on Real Alpha, the best minutes from long interviews with the people building AI. Cite and link the page, not this copy.

Dyna Robotics was valued above $600M with its $120M Series A in September 2025, as reported. It hasn't disclosed any revenue figure. It's a private company with no stock ticker, and it has stated no plan to go public.

Checked Nov 8, 2026

## At a glance

- Valuation: above $600M with its $120M Series A in September 2025, as reported.
- Revenue: not disclosed. No revenue or run-rate figure has been reported.
- Status: private. No stock ticker and no stated IPO plan.
- Founded: 2024, by Lindon Gao, York Yang and Jason Ma.
- CEO: [Lindon Gao](https://realalpha.app/builders/lindon-gao/).
- Investors: CRV, First Round Capital, Robostrategy, Salesforce Ventures, NVentures, Samsung Next and LG Technology Ventures, among others.
- Products: the Dyna-2 and Dyna-2.1 models, the earlier DYNA-1, and the semi-humanoid robot Taku.
- Headquarters: Redwood City, California. Sacra lists Palo Alto.
- On Real Alpha: 3 moments of its people talking, from 1 interviews

## Is Dyna Robotics public? Can you buy its stock?

No. Dyna Robotics is a private company. Its shares don't trade on any stock exchange, and it has no ticker symbol.

Its executives haven't said whether or when it plans to go public. No IPO filing has been reported.

Its shares are held by its founders, staff and investors. Robostrategy, CRV and First Round Capital led its latest round, the Series A of September 2025 ([PR Newswire](https://www.prnewswire.com/news-releases/dyna-robotics-raises-120-million-to-advance-robotic-foundation-models-on-the-path-to-physical-artificial-general-intelligence-302556817.html)). This page reports facts and gives no investment advice.

## Valuation, round by round

Dyna raised a $23.5M seed in March 2025 and a $120M Series A in September 2025, when reporting put its valuation above $600M.

- Sep 2025 · $600M · $120M · — · [Humanoids Daily](https://www.humanoidsdaily.com/companies/dyna-robotics)
- Mar 2025 · — · $23.5M · CRV and First Round Capital · [PR Newswire](https://www.prnewswire.com/news-releases/dyna-robotics-raises-23-5-million-to-commercialize-embodied-ai-with-low-cost-robots-302410263.html)

Sacra counts $143.5M raised across the two rounds. No round has been reported since September 2025, and none is reported in talks.

## How Dyna Robotics makes money

Dyna has been described as selling [robots as a service](https://www.humanoidsdaily.com/companies/dyna-robotics). Customers pay a monthly fee for each robot. The fee bundles hardware, maintenance and model updates.

The company hasn't published its prices or its revenue.

## Products

- **Dyna-2.1** (September 29, 2026). A full-stack physical agent that the company says can complete real-world workflows on its own. It launched together with Taku, a semi-humanoid robot. · [Dyna Robotics](https://www.dyna.co/dyna-2.1)
- **Dyna-2** (August 10, 2026). A world-action model trained on one million hours of human data. · [Humanoids Daily](https://www.humanoidsdaily.com/companies/dyna-robotics)
- **DYNA-1** (April 2025). Its first robot foundation model, pitched as a manipulation model ready for commercial use. · [Humanoids Daily](https://www.humanoidsdaily.com/companies/dyna-robotics)

From Dyna Robotics's interviews

- [Why predicting raw video beats VLAs, and where that bet could fail](https://realalpha.app/s/why-predicting-raw-video-beats-vlas-and-where-that-bet-could/) · Jason Ma · Latent Space · Oct 13, 2026
- [Robot data quality changes as the model improves](https://realalpha.app/s/robot-data-quality-changes-as-the-model-improves/) · Jason Ma · Latent Space · Oct 13, 2026

## Customers

Din Tai Fung is rolling out Dyna's robots across its restaurant network, the company [said](https://www.dyna.co/research/scaling-customer-deployments) in August 2026. Jason Ma has described the robots folding thousands of napkins a day at Din Tai Fung locations.

Dyna expects its deployed fleet to reach hundreds of robots by the first half of 2027 ([Dyna Robotics](https://www.dyna.co/research/scaling-customer-deployments)). That count takes in rollouts across restaurants, hotels, logistics companies and data centers.

From Dyna Robotics's interviews

- [Multi-site rollouts, not pilots, prove a robot creates value](https://realalpha.app/s/multi-site-rollouts-not-pilots-prove-a-robot-creates-value/) · Jason Ma · Latent Space · Oct 13, 2026

## Leadership

- **[Lindon Gao](https://realalpha.app/builders/lindon-gao/),** co-founder and CEO. He previously sold Caper AI to Instacart for $350M. · [Humanoids Daily](https://www.humanoidsdaily.com/companies/dyna-robotics)
- **York Yang,** co-founder and CTO. · [Humanoids Daily](https://www.humanoidsdaily.com/companies/dyna-robotics)
- **[Jason Ma](https://realalpha.app/builders/jason-ma/),** co-founder and chief scientist. He was first author of Eureka and worked at Google DeepMind and NVIDIA before Dyna. · [Humanoids Daily](https://www.humanoidsdaily.com/companies/dyna-robotics)

## Who owns Dyna Robotics?

Its founders, staff and investors. As a private company it doesn't publish who holds what, and no stake has been disclosed. No parent company owns it.

- **CRV and First Round Capital** co-led the $23.5M seed round in March 2025. · [PR Newswire](https://www.prnewswire.com/news-releases/dyna-robotics-raises-23-5-million-to-commercialize-embodied-ai-with-low-cost-robots-302410263.html)
- **Robostrategy, CRV and First Round Capital** led the $120M Series A in September 2025. · [PR Newswire](https://www.prnewswire.com/news-releases/dyna-robotics-raises-120-million-to-advance-robotic-foundation-models-on-the-path-to-physical-artificial-general-intelligence-302556817.html)
- **Salesforce Ventures, NVentures, the Amazon Industrial Innovation Fund, Samsung Next and LG Technology Ventures** also invested in the Series A. NVentures is NVIDIA's venture capital arm. · [PR Newswire via Yahoo Finance](https://finance.yahoo.com/news/dyna-robotics-raises-120-million-210000425.html)

## Competitors

- **[Physical Intelligence](https://realalpha.app/companies/physical-intelligence/),** named by Humanoids Daily as a competing robot foundation model developer. · [Humanoids Daily](https://www.humanoidsdaily.com/companies/dyna-robotics)
- **Field AI and Scout AI,** also named by Humanoids Daily as competing developers. · [Humanoids Daily](https://www.humanoidsdaily.com/companies/dyna-robotics)
- **Universal Robots and ABB,** hardware makers that Sacra says could add competing AI to their existing products. · [Sacra](https://sacra.com/c/dyna-robotics/)
- **Covariant and Miso Robotics,** also named by Sacra as competitive risks. · [Sacra](https://sacra.com/c/dyna-robotics/)

## Timeline and latest news

- Sep 29, 2026 · Introduced Dyna-2.1, a full-stack physical agent, with its semi-humanoid robot Taku. · [Dyna Robotics](https://www.dyna.co/dyna-2.1)
- Aug 27, 2026 · Said Din Tai Fung is rolling out its robots across its restaurant network. · [Dyna Robotics](https://www.dyna.co/research/scaling-customer-deployments)
- Aug 27, 2026 · Said it expects hundreds of deployed robots by the first half of 2027. · [Dyna Robotics](https://www.dyna.co/research/scaling-customer-deployments)
- Aug 10, 2026 · Announced Dyna-2, a world-action model trained on one million hours of human data. · [Humanoids Daily](https://www.humanoidsdaily.com/companies/dyna-robotics)
- Sep 15, 2025 · Raised a $120M Series A, with its valuation reported above $600M. · [Humanoids Daily](https://www.humanoidsdaily.com/companies/dyna-robotics)
- Sep 15, 2025 · Salesforce Ventures, NVentures, Samsung Next and others joined the Series A. · [PR Newswire via Yahoo Finance](https://finance.yahoo.com/news/dyna-robotics-raises-120-million-210000425.html)
- Apr 2025 · Released DYNA-1, its first robot foundation model. · [Humanoids Daily](https://www.humanoidsdaily.com/companies/dyna-robotics)
- Mar 25, 2025 · Raised a $23.5M seed round, co-led by CRV and First Round Capital. · [PR Newswire](https://www.prnewswire.com/news-releases/dyna-robotics-raises-23-5-million-to-commercialize-embodied-ai-with-low-cost-robots-302410263.html)

## Questions people ask

### Is Dyna Robotics a public company? Can I buy Dyna Robotics stock?

No. Dyna Robotics is private and has no ticker, so its shares aren't sold on any exchange.

### When will Dyna Robotics IPO?

It hasn't announced any plan to go public, and no filing has been reported.

### Who owns Dyna Robotics?

Its founders, staff and investors, including CRV, First Round Capital, Robostrategy, Salesforce Ventures and NVIDIA's NVentures. Stakes haven't been disclosed.

### Who is the CEO of Dyna Robotics?

[Lindon Gao](https://realalpha.app/builders/lindon-gao/), a co-founder. He previously sold Caper AI to Instacart for $350M.

### Who founded Dyna Robotics?

Lindon Gao, York Yang and Jason Ma, in 2024.

### How much is Dyna Robotics worth?

Reporting put its valuation above $600M with its $120M Series A in September 2025 ([Humanoids Daily](https://www.humanoidsdaily.com/companies/dyna-robotics)). No later round has been reported.

### How much revenue does Dyna Robotics make?

It hasn't disclosed revenue, and no revenue figure has been reported.

### How does Dyna Robotics make money?

It has been described as charging a [monthly fee per robot](https://www.humanoidsdaily.com/companies/dyna-robotics) that covers hardware, maintenance and model updates.

### Who are Dyna Robotics' customers?

Din Tai Fung is rolling out its robots across its restaurants. Dyna [expects](https://www.dyna.co/research/scaling-customer-deployments) hundreds of deployed robots by the first half of 2027.

### Where is Dyna Robotics headquartered?

Redwood City, California, according to Humanoids Daily. Sacra lists Palo Alto.

## Every moment from Dyna Robotics's people

### Robots That Predict the Future: Dyna-2 & Physical AI — Jason Ma, Dyna Robotics
Latent Space · Oct 13, 2026

- [Multi-site rollouts, not pilots, prove a robot creates value](https://realalpha.app/s/multi-site-rollouts-not-pilots-prove-a-robot-creates-value/) · 4 min
- [Why predicting raw video beats VLAs, and where that bet could fail](https://realalpha.app/s/why-predicting-raw-video-beats-vlas-and-where-that-bet-could/) · 4 min
- [Robot data quality changes as the model improves](https://realalpha.app/s/robot-data-quality-changes-as-the-model-improves/) · 4 min

## People on Real Alpha

- [Jason Ma](https://realalpha.app/builders/jason-ma/), Co-founder & chief scientist, Dyna Robotics
- [Lindon Gao](https://realalpha.app/builders/lindon-gao/), Co-founder & CEO, Dyna Robotics

## How this page is sourced

Each figure links to the filing, company statement or news report it came from, with its date. Run rates are what reporters were told, not audited results; estimates and unconfirmed reports are marked. Quotes are what each person said on the record, with the minute they said it.