Skild AI startup in robotics arean successfully secured $300 million in Series A funding round led by big names like Lightspeed Venture Partners, Coatue, SoftBank Group and Jeff Bezos through Bezos Expeditions. Other notable investors were Felicis Ventures, Sequoia Capital, Menlo Ventures, General Catalyst, CRV, Amazon, SV Angel and Carnegie Mellon University.
Skild AI is now valued $1.5 billion. It was founded just about a year ago by Carnegie Mellon alumni Abhinav Gupta and Deepak Pathak with an ambition to revolutionize the robotics industry by creating a scalable foundation model. Its models allow robots to perform a plethora of tasks across various industries.
The Skild AI models are different from the traditional robots which are designed for specific applications. Its technology is trained on an unparalleled volume of data points. This enables even low-cost robots to operate effectively in diverse settings. Such capabilities suggest significant potential for automation within real-world environments.
The timing of funding is notable as currently ongoing labor shortages are being witnessed in various industries. The U.S. Chamber of Commerce reports more than 1.7 million more job openings than unemployed workers. The National Association of Manufacturers projects a 2.1 million unfulfilled manufacturing jobs by 2030.
The technology of Skild AI offers a promising solution. It enables robots to perform novel tasks alongside humans or in dangerous environments. Hence, shortages in labor can be solved. It is also democratizing the cost of robots.
Skild AI represents an important step in the evolution of robotics. Its models are potential enough to revolutionize how robots are integrated into the physical economy. Fresh funding from high-profile backers means a strong vote of confidence in its vision as well as its capacity to reshape the future of work.
