Beyond Imagination, a humanoid robot startup co-founded by acclaimed inventor and futurist Dr Ray Kurzweil, is reportedly in discussions to secure a significant $100 million investment, according to a report on the Reuters website.
The news agency, citing sources familiar with the matter, indicated that these talks are for a Series B funding round.
While the specific investors have not been publicly disclosed in the initial Reuters report, such a substantial investment would mark a significant step forward for the company operating in the burgeoning field of advanced robotics.
The capital injection, if successful, is anticipated to fuel the further development and scaling of Beyond Imagination’s humanoid robot technology. The company aims to create versatile robots capable of assisting humans in a variety of tasks and environments.
Dr Kurzweil, known for his pioneering work in artificial intelligence and predictions on technological singularity, serves as a guiding force for Beyond Imagination. His involvement underscores the ambitious goals of the startup to push the boundaries of what is possible in robotics and human-machine interaction.
Further details regarding the potential investors and the specific applications for the funding are expected to emerge as discussions progress. Reuters was the first to report on this developing story.
In a video on Beyond Imagination’s website, Kurzweil says: “I’m convinced that Beyond Imagination will be the leader of this emerging industry, and I think this industry has the significance of emerging technologies like smartphones and the internet.”
