- SKILD AI raises $1.4 billion with SoftBank leading the funding round.
- The investment triples their valuation in seven months.
- Launches enable scaling of Skild Brain technology deployments.
PANews reported that robotics company SKILD AI raised $1.4 billion, led by SoftBank, valuing the company at over $14 billion, on January 14.
The investment signifies SKILD AI’s technological potential in AI and robotics, despite the absence of primary confirmations or clear market reactions.
SoftBank’s $1.4 Billion Bet on Robotics Innovation
SKILD AI raised $1.4 billion in a recent financing round led by SoftBank, marking a pivotal moment for the Pittsburgh-based robotics firm. This capital is intended to scale its omni-bodied AI model, known as the “Skild Brain,” designed for a variety of robot applications. Their technology aims to facilitate real-time adaptation to changes in robot forms and environments, as highlighted by co-founder and CEO Deepak Pathak.
The financial injection triples SKILD AI’s valuation to over $14 billion within seven months, underscoring investor confidence in its technology. This significant funding is allocated initially for enterprise projects before considering consumer markets, advancing their presence in the AI robotics sector.
Industry leaders have commended SKILD AI’s vision, with Dennis Chang of SoftBank emphasizing their potential in Physical AI technology. While the primary channels remain silent, secondary reporting quotes reflect cautious optimism within industry circles about SKILD AI’s market trajectory and technological capabilities.
AI Ventures Surge Amid SKILD AI’s Valuation Leap
Did you know? SKILD AI’s rapid valuation increase reflects a growth trend previously seen with other tech giants like NVIDIA, indicating strong market receptiveness to AI-driven innovation.
Bitcoin (BTC) trades at $96,832.33 with a market cap of $1.93 trillion according to CoinMarketCap. The cryptocurrency has shown a 1.27% rise over 24 hours but a slight decline over 90 days. The 24-hour trading volume is $62.57 billion, marking a significant 18.48% change.
According to Coincu research, SKILD AI’s funding may encourage greater technological advancements in AI and robotics, potentially influencing regulatory frameworks. The round’s success signals a broader trend towards substantial investments in AI technologies, reflecting their increasing role in various sectors.
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