Felicis

Carnegie Mellon University

SV Angel

Coatue Management

Lightspeed Venture Partners

General Catalyst

Amazon

Bezos Expeditions

General Catalyst Partners

Sequoia

SoftBank

Menlo Ventures

Charles River Ventures

Robotics & Automation

AI & Machine Learning

Skild AI

Pittsburgh VC slows in Q2, dominated by one deal. Companies from Pittsburgh and the surrounding suburbs raised $74 million across 15 deals over the past three months — with one single deal accounting for more than a third of the money. That’s a sharp drop from Q1’s $259 million across 18 deals. And there were no local exits. Aaron Mok analyzed the latest Venture Monitor report, released quarterly by PitchBook and the National Venture Capital Association, and asked local VCs what’s next for the region

Pittsburgh Weekly Roundup: Q2’S Biggest Vc Deal; Firefighting Drones To Market; $7M From Innovation Works

Skild AI has emerged from stealth mode, announcing a $300 million Series A round, bringing its valuation to $1.5 billion. The Pittsburgh-based company is developing the Skild Brain, a robotics foundation model for tasks like manipulation, locomotion, and navigation. Skild is pursuing a horizontal approach to embodied AI, aiming to create a broadly intelligent system deployable across various mechanisms.

Skild AI secures $300M for robotics model

According to a report from The Information, robotics AI startup Skild is on the cusp of securing a significant funding round of nearly $300 million from heavyweight investors such as Lightspeed Venture Partners and Coatue, among others.

Robotics AI startup Skild is reportedly raising $300 million at a $1.5 billion valuation

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

Report: Amazon And Bezos Expeditions To Back Robot-Maker Swiss-Mile

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.

Skild AI Hits $1.5B Valuation

Pittsburgh startup Skild.ai has raised $300 million in Series A funding, bringing its valuation to $1.5 billion.

Skild.ai Secures $300M Series A Funding

From left to right: NASA’s Ingenuity Helicopter, Boston Dynamics’ Atlas humanoid, and Waymo’s latest autonomous vehicle. | Source: NASA JPL, Boston Dynamics, and Waymo. With 2024 in the rearview mirror, we’re looking back at some of the biggest robotics trends of the year. While the year was full of exciting innovations and new technologies, we also saw the industry weather dips in funding and slower sales. Here are our five biggest trends for 2024:. Humanoids continue to dominate the news

The 5 Biggest Robotics Trends Of 2024

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

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