Nvidia and SoftBank Set to Invest $1 Billion in Skild AI’s Robotics Vision
Nvidia Corp. and SoftBank Group Corp. are in advanced discussions to secure a significant investment of $1 billion in Skild AI, a promising startup specializing in robotic artificial intelligence. This financial influx is projected to elevate Skild AI’s valuation to over $14 billion.
Previously, Skild AI achieved a valuation of $4.7 billion after a $500 million funding round in May, which attracted support from notable investors such as SoftBank, Nvidia, LG Technology Ventures, and Samsung Electronics.
Founded in 2023 by former AI researchers from Meta Platforms Inc., Skild AI aims to tackle critical challenges that have hindered the widespread adoption of autonomous robots across various sectors, including manufacturing and logistics. The startup has developed a versatile, robot-agnostic foundational model designed to serve as the "brain" for diverse robotic forms.
Key Features of Skild AI’s Technology:
- Versatile Task Execution: The foundational model empowers robots to perform a wider array of functions, including local environment perception, object manipulation, locomotion, and navigation.
- Customizable Integration: It can be adapted to various robotic types, from humanoid robots mimicking human dexterity to quadruped robots suited for various terrains and traditional factory arms.
- Emergent Capabilities: Skild AI’s technology enables robots to acquire skills beyond their initial design, such as picking up dropped objects—an essential function for operational efficiency in real-world settings.
In July, Skild AI unveiled its latest general-purpose model, dubbed Skild Brain, through a series of demonstrations showcasing robots executing diverse tasks, such as navigating stairs and handling everyday objects. The startup has also formed strategic alliances with major players, including LG CNS Co. Ltd., LG’s AI and cloud computing subsidiary, and Hewlett Packard Enterprise Co.
SoftBank’s CEO Masayoshi Son is reportedly keen on Skild AI, inspired by the startup’s innovative approach to robotics, particularly following SoftBank’s recent $5.4 billion acquisition of ABB’s robotics division. The increasing interest in robotics correlates with the current AI boom, as advancements enhance robots’ potential utility across various workspaces.
The robotics sector has seen a surge in investment, with startups like Physical Intelligence, which closed a $600 million funding round last month backed by Amazon founder Jeff Bezos, also focused on developing sophisticated robotic control systems. Tech giants such as Meta, Google, and Amazon have also heavily invested in AI-driven robotics, significantly expanding the competitive landscape, with several startups, including Gecko Robotics and Genesis AI, raising substantial funding earlier this year.
[Image: Skild AI]
