Skild AI, a thrilling nascent company focused on making new kinds of robotics software, recently announced a whopping $1.4 billion Series C funding round. That success has catapulted the company’s valuation to more than $14 billion. Skild AI was established in early 2023. It aims to produce open-source, general-purpose robotic software that makes it easy and safe to integrate robots into any task without long retraining times. As Bloomberg first reported, this funding round was led by SoftBank, the technology investment world’s most influential big shot.
Skild AI is on track to reach a truly exciting inflection point with this new funding flood. Shortly after its founding, the company has raised almost $2 billion in financing. The company is unusual in an innovative way—build foundation models for stimulating applications. These models can easily be re-fit for many different robotic applications, offering flexibility and versatility across multiple tasks. This level of adaptability is a huge step in robotics. While traditional systems require massive retraining for each new use case, that’s no longer the case with this innovation.
Deepak Pathak, the CEO of Skild AI, stressed how critical their technology is. It has a crucial role to play in dismantling the barriers to deploying robots. The startup’s software makes robots more flexible, allowing them to take on new tasks with very little extra training needed. Skild AI’s advanced ability to create intelligent assessments makes it a very promising competitor in this space. This industry has historically struggled with programming robots for different tasks.
This funding round’s success is further evidence of the increasing belief in Skild AI’s vision and technology. Prior to this round, rumors suggested that Skild AI’s previous funding round was valued at approximately $500 million, highlighting the rapid growth and interest in the company. Reports surfaced today that SoftBank and Nvidia are already in talks about a deal. They want in on the action at the newly minted $14 billion dollar valuation.
Skild AI’s approach addresses a significant challenge in the robotics industry: the extensive training required for robots to adapt to new tasks. Skild AI develops efficiencies-driven, educationally-minded software solutions to minimize the operational burden on entities. This strategy maximizes efficiency and increases the proliferation of robotics throughout other industries as well.
At the same time, supply for automation is extremely limited. These issues cannot be overstated. Companies like Skild AI are working hard to ensure that negativity doesn’t define the future of robotics. Skild AI recently closed a significant round of new funding and is powered by cutting edge technology. They’re poised to change how we deploy robots, not just for mundane activities, but for more intricate actions.
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