Draft:Rabbit Inc.

Rabbit, Inc. (stylized as rabbit) is an American consumer electronics and AI startup company founded in 2021 by Jesse Lyu. The company created and produces the Rabbit R1, it was announced on January 9, 2024, and the first 2 batches (20,000) sold out within 2 days.

History
Rabbit was founded by Jesse Lyu in 2021 as Cyber Manufacture Company, creating the GAMA NFT. Lyu previously founded Raven Tech.

The company raised $30 million in 2023. This money went towards developing a "new device to eventually replace phones".

The company showcased their first product, rabbit r1, on January 9, 2024, and quickly sold out initial batches. The r1 is a device similar to Humane's Ai Pin. It uses artificial intelligence to complete tasks on the user's behalf using what rabbit refers to as a large action model (LAM).

The headquarters is located in Los Angeles, California.