In a move that could significantly impact the future of robotics and artificial intelligence, SoftBank, which has invested in some of the most high-profile tech companies globally, such as Uber, Slack, WeWork, and ARM Holdings is now in discussions to invest $500 million in SkildAI, a software firm focused on developing a core AI model for robotics. As per reports, the deal, which is still under negotiation, could elevate SkildAI to new heights, providing the company with resources to expand its operations and push the boundaries of what robotics can achieve.
SkildAI was founded in 2021 by Deepak Pathak and Abhinav Gupta and their AI model is designed to work with various types of robots, offering flexibility for different industries and use cases. The startup, which is valued at $4 billion, has seen its valuation grow significantly from $1.5 billion last year after raising $300 million.
The robotics and AI sectors have drawn considerable investor interest recently, with figures like Jeff Bezos leading funding rounds. In November, Physical Intelligence, a company also focused on robotics, raised $400 million at a $2 billion valuation. SkildAI’s backers in earlier rounds have included prominent names such as Jeff Bezos, Lightspeed Venture Partners, and Coatue Management.
Similarly, Figure AI, which is creating humanoid robots powered by AI, raised $675 million last February. Investors in that round included Microsoft, Nvidia, Amazon’s Industrial Innovation Fund, and Bezos through Bezos Expeditions.
In 2023, the growing convergence of robotics and AI technology has attracted more funding, signaling the potential for significant innovation in this space.
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