The Information : Skild AI Said in Talks to Raise at $14 Billion Valuation

Skild AI Said in Talks to Raise at $14 Billion Valuation

Skild AI, which develops AI foundation models to power robots to perform a variety of tasks, is in talks to raise over $1 billion at a valuation around $14 billion from SoftBank and Nvidia, Reuters reported on Monday.

That valuation would be triple the two-year-old startup’s valuation from earlier this year, when it raised $500 million at a $4.2 billion valuation in a funding round backed by SoftBank, which has been doubling down on robotics investments.

Over the summer, Skild released videos of its model, the Skild Brain, powering a variety of robots, including robotic arms, robot dogs, and two-legged humanoids. The humanoids walked across stacks of pallets, up and down stairs, and through the woods. In September, Skild showed off a robot dog adapting to changes, including continuing to walk after having its legs cut off with a chainsaw.