Robotics AI startup Skild is reportedly raising $300 million at a $1.5 billion valuation

As artificial intelligence continues to gain mainstream momentum, startups are emerging as key players, and among them, Skild is making waves with its ambitious mission. According to a report from The Information, robotics AI startup Skild is on the cusp of securing a significant funding round of nearly $300 million from heavyweight investors such as Lightspeed Venture Partners and Coatue, among others. This investment would value Skild at $1.5 billion.

For fear of missing out, venture capitalists are eagerly backing robotics startups that leverage AI, betting on them to become the next big thing akin to OpenAI in the realm of robotics. The interest in Skild’s funding round reflects this trend, with investors showing a keen appetite for startups at the intersection of robotics and AI.

“In the latest example, Skild, a young firm that has been developing software to power various robots including ones with two or four legs, is nearing a deal to raise nearly $300 million from Lightspeed Venture Partners, Coatue Management, and others at a $1.5 billion valuation, according to an investor at a firm that agreed to participate in the deal,” The Information reported.

Skild, despite being a nascent player in the field, has quickly garnered attention for its innovative approach. With a focus on developing a foundational model for robotics AI, Skild aims to pave the way for groundbreaking advancements in the field. The startup’s team, comprising seasoned AI researchers and engineers from renowned companies like Tesla, Google, Meta, and Nvidia, underscores its formidable potential.

Founded in 2023, the Pittsburgh-based Skild has emerged from Carnegie Mellon University, armed with the vision to revolutionize robotics through cutting-edge AI software. Positioned at the seed stage, the startup is operating stealthily as it works towards realizing its ambitious goals. “Skild AI is building the world’s first foundation model for robotics,” the startup said on its website.

The impending funding round for Skild represents not only a significant milestone for the startup but also a testament to the growing recognition of the pivotal role that AI-driven robotics will play in shaping the future of technology.