U.S.-based robotics startup Skild AI is making waves in the tech world after reportedly securing investments from industry giants Nvidia (NVDA) and Samsung (SSNLF).
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According to Bloomberg, Samsung is committing $10 million and Nvidia is putting $25 million into the robotics software firm as part of its Series B funding round. Overall, the financing is part of Skild AI’s Series B funding round, which values the company at around $4.5 billion and is led by a $100 million investment from Japan’s SoftBank Group (SFTBY).
With these minority stakes, Samsung and Nvidia are aiming to strengthen their position in the rapidly evolving consumer robotics space. The strategic backing also underscores the growing race among global tech leaders to tap into the booming robotics and AI (artificial intelligence) market.
Nvidia and Samsung Eye Robotics Market Boom
Samsung sees its investment in Skild as a strategic move to stay connected with the startup’s innovation and talent pool without making a major financial commitment. It also allows the tech giant to stay competitive with fellow Korean conglomerates like LG, Hanwha, and Mirae Asset, which have each invested $5 million to $10 million in Skild.
Meanwhile, Nvidia is promoting the concept of physical AI, referring to intelligent robots and autonomous machines, as a major long-term growth opportunity. The company is developing chips, software, and services to accelerate the rollout of self-thinking robots.
For Skild AI, the funding is expected to fast-track the development of its advanced robotics platform powered by AI. The investment arrives at a time when demand for smart robotics is booming across industries, from manufacturing floors to self-driving vehicles.
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