Robotics lab Machenta has raised a $40 million seed round, with Creandum and Union Square Ventures (USV) co-leading the financing, according to ChainCatcher. The report said the company does not yet have a product on the market. It also noted that in May this year, the Creandum team went to Machenta’s office in Archway, London, carrying its own props to stress-test the company’s AI model. Machenta has claimed the model can teach robots to perform tasks after just a single demonstration. The update did not disclose additional financing details beyond the round size and lead investors.
Robotics lab Machenta has raised a $40 million seed round, co-led by Creandum and Union Square Ventures (USV), according to ChainCatcher.
The report said the company does not yet have a product. It added that in May this year, the Creandum team brought its own props to Machenta’s office in Archway, London, to stress-test the company’s AI model, which it says can teach robots to perform tasks after a single demonstration.
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