Silicon Valley-based robotics startup Determine AI is in talks to lift an enormous $1.5 billion spherical at a $39.5 billion valuation, Bloomberg experiences.
That’s a whopping 15 instances increased than Determine’s $2.6 billion post-money valuation for its $675 million Sequence B final 12 months. Determine’s present spherical is anticipated to be led by Align Ventures and Parkway Enterprise Capital, Bloomberg reported.
Determine builds humanoid robots for industrial and residential functions. Humanoid robots are all the craze due to the AI increase: Austin-based Apptronik simply raised $350 million whereas Meta is reportedly seeking to get into robotics, too.
Determine has already offered some robots to BMW. Its founder Brett Adcock posted final month that Determine has signed on a second (unnamed) industrial buyer and sees the potential to ship 100,000 humanoid robots.
Determine declined to remark.
