There’s a new company in Silicon Valley aiming to build the future of software for robotics. And some of the most successful venture capital funds in the world are betting on them.
What’s happening:
- Full stack robotics company Genesis AI has emerged from stealth and raised $105M USD in a strategic financing round
The big idea:
- Genesis AI is developing a large scale, general purpose artificial intelligence model for robotics that is focused on giving autonomous robots advanced perception and reasoning capabilities
- Genesis AI’s software is aiming to be able to be integrated with any type of robot that is focused on automating manual labour regardless of the specific hardware that is used
Why it matters:
- Genesis AI’s financing round was led by prominent venture capital funds Eclipse and Khosla Ventures and also included notable participation from former Google (NASDAQ: GOOG) leader Eric Schmidt
Going deeper:
- Building artificial intelligence models for robotics has been an emerging theme in Silicon Valley, with Lux Capital and Amazon (NASDAQ: AMZN) founder Jeff Bezos previously backing Physical Intelligence in a $400M USD funding round
