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.
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.
04/05/24, 3:31 PM
Location
palo altoMoney raised
$13 million
Industry
information technology
machine learning
artificial intelligence
Round Type
seed
Investors
Several Angel Investors, Plug And Play Ventures, Buckley Ventures, Hitachi Ventures, Amazon Industrial Innovation Fund, Venrock
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 Info
Location
palo alto, california, united states
Additional Info
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.