Key Takeaways
- SoftBank and Nvidia are in discussions to invest over $1 billion in Skild AI.
- The investment could value Skild AI at $14 billion, nearly tripling its previous valuation.
- Skild AI focuses on developing a robot-agnostic foundation model.
- The company has partnerships with LG CNS and Hewlett Packard Enterprise.
Skild AI’s Rising Valuation
SoftBank Group and Nvidia are reportedly in talks to lead a significant investment in Skild AI, a company specializing in robotics software. The proposed investment of over $1 billion could elevate Skild AI’s valuation to $14 billion, a substantial increase from its previous valuation of $4.7 billion in May.
Previous Funding and Partnerships
Earlier this year, Skild AI raised $500 million in a funding round led by SoftBank, with contributions from LG Technology Ventures, Samsung, and Nvidia. The company has also formed strategic partnerships with LG CNS and Hewlett Packard Enterprise to bolster its ecosystem.
Skild AI’s Unique Approach
Unlike many other startups in the robotics sector, Skild AI is not developing proprietary hardware. Instead, the company is focused on creating a robot-agnostic foundation model that can be customized for various robots and applications. Skild AI’s general-purpose robot model, Skild Brain, was showcased in July with demonstrations of robots performing tasks like picking up dishes and navigating stairs.
Growing Interest in AI Robotics
Investor interest in AI-driven robotics continues to grow. For instance, Physical Intelligence, another company in the field, recently raised $600 million at a $5.6 billion valuation. Meanwhile, Figure, a developer of humanoid robots, secured over $1 billion, achieving a $39 billion valuation.
FAQ
What is Skild AI’s focus?
Skild AI focuses on developing a robot-agnostic foundation model rather than proprietary hardware, allowing for customization across various robots and applications.
Who are Skild AI’s key partners?
Skild AI has secured strategic partnerships with LG CNS and Hewlett Packard Enterprise.
What was Skild AI’s previous valuation?
In May, Skild AI was valued at $4.7 billion after raising $500 million in a funding round.
Summary
The potential investment by SoftBank and Nvidia underscores the growing interest and confidence in AI-driven robotics solutions. As Skild AI continues to develop its versatile foundation model, businesses with an interest in robotics and automation should monitor these developments closely. Understanding the evolving landscape can help in making informed decisions about integrating such technologies into their operations.
Source: SoftBank and Nvidia reportedly in talks to fund SkildAI at $14B, nearly tripling its value – techcrunch.com