Svmuu News: According to sources familiar with the matter, AI robotics startup Genesis AI is in talks with investors for a new round of funding, aiming to raise approximately $500 million at a pre-money valuation of about $3 billion. Existing investor Premji Invest is in talks to lead the round, while HSG (formerly Sequoia China) and Northzone Ventures are also discussing follow-on investments.
In June of this year, Genesis AI unveiled an AI industrial robot named Eno. The company stated that Eno is capable of reasoning “beyond predefined tasks” and adapting based on different outcomes. (Bloomberg)
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Bloomberg: Robotics startup Genesis AI is in talks to raise approximately $500 million
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