Swiss-Mile, which makes robots for logistics and other use cases, is reportedly set to raise about $20 million from investors that include Amazon Industrial Innovation Fund, Bezos Expeditions and HongShan, which was formerly Sequoia Capital China. This seed funding round would value the company at over $100 million, Bloomberg reported Wednesday (Aug. 28), citing unnamed sources. Swiss-Mile did not immediately reply to PYMNTS’ request for comment

Pittsburgh's Skild AI achieved unicorn status with a $1.5 billion valuation after securing a $300 million Series A funding round. The round included participation from notable investors. Additionally, Duolingo acquired Hobbes for motion design, KEF Robotics received a $1 million grant from the Air Force, and other local startups made significant financial moves. Assemble continues to promote STEAM education, especially for marginalized groups. American Glass Research was linked to a Trump rally shooter incident.

The artificial intelligence company Skild AI has secured a substantial $300 million in Series A funding. This investment round was led by Amazon.com Inc. founder Jeff Bezos and SoftBank Group SFTBY SFTBF, led by Masayoshi Son, among others, and is aimed at developing a “general-purpose brain” for AI systems.What Happened: Skild AI, a spinout from Carnegie Mellon, recently emerged from stealth mode to announce the successful completion of its Series A funding round, the company announced last week. The company is focused on creating an AI system that can be retrofitted into various machines and robotics devices.The funding, which was raised at a valuation of $1.5 billion, was led by Lightspeed Venture Partners, Coatue, SoftBank Group, and Bezos through Bezos Expeditions. It also saw participation from Felicis Ventures, Sequoia, Menlo Ventures, General Catalyst, CRV, Amazon, SV Angel, and Carnegie Mellon University.Skild AI is the latest entrant in the AI space with the ambitious goal of developing an “artificial general intelligence.” Skild AI’s long-term objective is to create a modular artificial “brain” that can be retrofitted for use in any compatible housing. The company’s roadmap and partnerships were not disclosed in the Series A funding announcement.See Also: Microsoft’s $1.5B Investment Under Scrutiny, Alibaba Showcases AI Breakthroughs In Shanghai And More: This Week In Artificial IntelligenceWhy It Matters: Bezos’s involvement in Skild AI comes after he sold $5 billion in Amazon shares earlier this year