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Archetype AI raised $13M in seed funding led by Venrock with participation from Amazon Industrial Innovation Fund, Hitachi Ventures, Buckley Ventures, and Plug and Play Ventures.

Apr 05, 2024•over 1 year ago

Amount Raised

$13 Million

Round Type

seed

Palo AltoInformation TechnologyMachine LearningArtificial Intelligence

Investors

Several Angel InvestorsPlug And Play VenturesBuckley VenturesHitachi VenturesAmazon Industrial Innovation FundVenrock

Description

Archetype AI, a physical AI company based in Palo Alto, CA, raised $13m in seed funding led by Venrock. The round also saw participation from Amazon Industrial Innovation Fund, Hitachi Ventures, Buckley Ventures, Plug and Play Ventures, and several angel investors. The funding will be used to further develop Newton, a foundation model understanding the physical world, and to support early customers in automotive, consumer electronics, construction, logistics, and retail.

Company Information

Company

Archetype AI

Location

Palo Alto, California, United States

About

Archetype AI is a Palo Alto, CA-based physical AI company that emerged from stealth and introduced Newton™, a foundation model that understands the physical world. With early customers like Infineon and Fortune Global 500 brands across automotive, consumer electronics, construction, logistics and retail, Archetype AI’s technology allows anyone to pose open-ended questions about the physical environment and take informed action.

FundzWatch™ Score

61
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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