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
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.
FundzWatch™ Score
61
Medium Activity
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