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Industries
Social Impact
AI & Machine Learning
Company Size
201-500
Company Stage
N/A
Total Funding
$166.9M
Headquarters
New York City, New York
Founded
2017
Schmidt Futures focuses on promoting innovation by funding projects that combine talent and technology. It provides grants and resources to researchers, scientists, and technologists who are developing solutions to significant global challenges. The organization distinguishes itself by targeting specific issues that connect with other initiatives within its philanthropic network, ensuring that support is both strategic and impactful. By leveraging a wide network and collaborating with other philanthropic organizations, Schmidt Futures aims to maximize the effectiveness of its funding and drive systemic change in various fields.
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Total Funding
$166.9M
Above
Industry Average
Funded Over
0 Rounds
Biomass from agriculture, forestry and industry has great potential as feedstock for energy, animal feed and other products that show up in daily life. “Biomass from agriculture and industry is a widely available resource that is otherwise burned or sent to a landfill,” says Genevieve Croft, program scientist at Schmidt Sciences. “If you can take waste biomass and turn it into something useful, you have the opportunity to replace a petroleum-based feedstock, which has environmental justice challenges, and you’re also creating new opportunities.”. With that credo in mind, Schmidt Sciences just announced $47.3 million in funding for five US-based teams developing ways to turn waste biomass into useful products
South African aerospace startup Cloudline, backed by Schmidt Futures and other pan-African investors, secures $6 million to revolutionize carbon emissions-free autonomous flights. CEO Spencer Horne's vision of utilizing airships for large payload deliveries to isolated communities is taking flight, offering cost-efficient alternatives to drones, helicopters, and satellites. 🚀✨
Cape Town aerospace venture Cloudline has secured $6M to propel the company to the global forefront of emissions-free autonomous flight.
Kyutai has launched as what it says is the first European private-initiative laboratory dedicated to open research in artificial intelligence (AI). The lab, co-founded by the iliad Group, CMA CGM and Schmidt Futures, aims to tackle the main challenges of modern AI and promote the democratization of AI technology, according to a Friday (Nov. 17) press release. Kyutai, a non-profit laboratory, is focused on open research in AI and aims to develop large multimodal models that utilize text, sound, images and other data types, while also inventing new algorithms to enhance their capacities, reliability and efficiency, according to the release
This new lab called Kyutai will be a privately-funded nonprofit working on artificial general intelligence.
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Discover companies similar to Schmidt Futures
Industries
Social Impact
AI & Machine Learning
Company Size
201-500
Company Stage
N/A
Total Funding
$166.9M
Headquarters
New York City, New York
Founded
2017
Find jobs on Simplify and start your career today
Discover companies similar to Schmidt Futures