Silicon Valley-based robotics startup Determine AI is in talks to boost a large $1.5 billion spherical at a $39.5 billion valuation, Bloomberg studies.
That’s a whopping 15 occasions upper than Determine’s $2.6 billion post-money valuation for its $675 million Collection B final yr. Determine’s present spherical is anticipated to be led via Align Ventures and Limited-access highway Mission Capital, Bloomberg reported.
Determine builds humanoid robots for industrial and home functions. Humanoid robots are the entire rage because of the AI increase: Austin-based Apptronik simply raised $350 million whilst Meta is reportedly having a look to get into robotics, too.
Determine has already offered some robots to BMW. Its founder Brett Adcock posted final month that Determine has signed on a 2d (unnamed) industrial buyer and sees the possible to send 100,000 humanoid robots.
Determine declined to remark.
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