Robotics AI startup Generalist reportedly raises $200M
Generalist AI Inc., a startup that develops artificial intelligence software for robots, has reportedly raised $200 million in funding.
Axios today cited a source as saying that 8VC led the investment. It was reportedly joined by a number of unnamed existing investors. Generalist’s previous $400 million round in June included the participation of Nvidia Corp., Bezos Expeditions and more than a half-dozen others.
The company’s latest raise comes about a week after it debuted its newest AI model. Gen-1.5, as the algorithm is called, is designed to power robotic arms. Generalist says that it can significantly reduce the amount of time needed to create factory automation workflows.
Historically, developers had to manually program robotic arms for each task they sought to automate. Moreover, robot code had to be updated in response to even minor operational changes. For example, a machine configured to place merchandise into boxes might need an update if its operator switches to larger boxes.
