Genesis AI, an AI robotics startup developing “robot brains” foundation models intended for use across different types of robots, is reportedly in talks with investors to raise about $500 million. Bloomberg, citing people familiar with the discussions, says the company is seeking the funding in a new round. The Next Web adds that a round of roughly that size would value Genesis AI at around $3 billion and would cap a rapid rise for the startup, which emerged from stealth last summer. No details are provided in the available reports about the round’s final size, timing, or specific investors, and the discussions are described as ongoing. The reports also do not state what the funding would be used for. Overall, both sources agree that the company is pursuing a large financing round and that current expectations would place the company’s valuation near $3 billion if the round proceeds at the reported scale.
Genesis AI reportedly in talks to raise about $500 million for robot-focused AI
Genesis AI, an AI robotics startup developing “robot brains” foundation models intended for use across different types of robots, is reportedly in talks with investors to raise about $500 million. Blo...
- Genesis AI is reportedly in discussions with investors about raising approximately $500 million.
- The reports cite people familiar with the fundraising efforts (Bloomberg).
- A $500 million round would imply a valuation of roughly $3 billion, per The Next Web.
- Genesis AI develops foundation models intended to run inside a range of robots.
- The startup exited stealth last summer, according to The Next Web.
Genesis AI, the startup building foundation models that it hopes will run inside a wide range of robots, is in talks to raise about $500m, according to Bloomberg. A round of that size would value the company at roughly $3bn, capping a fast climb for a business that only came out of stealth last summer. […] This story continues at The Next Web
5 hours agoAI robotics startup Genesis AI is in talks with investors to raise around $500 million in a new funding round, according to people familiar with the efforts.
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