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Bloomberg: AI robotics startup Genesis AI is in talks to raise about $500 million
Odaily Planet Daily reported that, according to people familiar with the matter, AI robot startup Genesis AI is in talks with investors for a new round of financing, planning to raise about $500 million, which corresponds to a pre-money valuation of about $3 billion. Existing investor Premji Invest is in discussions to lead the round, and HSG (formerly Sequoia China) and Northzone Ventures are also discussing follow-on investments.
In June this year, Genesis AI launched an AI industrial robot called Eno. The company said that Eno can reason “beyond predefined tasks” and adapt based on different outcomes. (BloomBerg)