Rabbit
Rabbit is an AI Wearable Devices company founded in 2023 and based in Santa Monica, United States. It has raised $64.7M in total funding, most recently an unknown.
Founded by Jesse Lyu, Rabbit launched the r1 in 2024 — a $199 bright-orange handheld AI companion built around a large action model meant to operate apps on a user's behalf. After a rocky reception, the company pushed a major software overhaul, RabbitOS 2 (September 2025), introducing a card-based touch interface, gesture navigation, and on-device 'creations' for generating small tools. Rabbit has raised roughly $64.7M across five rounds. The company is financially distressed: multiple reports in 2025 said employees and contractors went unpaid for months and that Rabbit entered a 'cash-conservative mode,' while teasing a next-generation device for 2026.
Rabbit's r1 was one of the first mass-market attempts at a dedicated AI-agent device, and its struggles became a cautionary case study for standalone AI hardware.
rabbit.tech ↗·AI Wearable Devices·
United States·private 
