Odaily Planet Daily reports, according to sources familiar with the matter, AI robotics startup Genesis AI is in discussions for a new funding round aiming to raise approximately $500 million, valuing the company at around $3 billion pre-money. Existing investor Premji Invest is negotiating to lead the round, while HSG (formerly Sequoia China) and Northzone Ventures are also discussing additional investments.
In June this year, Genesis AI released an AI industrial robot named Eno. The company stated that Eno can reason beyond predefined tasks and adapt to different outcomes. (Bloomberg)
