Silicon Valley-based robotics startup Determine AI is in talks to boost a large $1.5 billion spherical at a $39.5 billion valuation, Bloomberg stories.
That’s a whopping 15 occasions increased than Determine’s $2.6 billion post-money valuation for its $675 million Sequence B final yr. Determine’s present spherical is predicted 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 because of the AI increase: Austin-based Apptronik simply raised $350 million whereas Meta is reportedly seeking to get into robotics, too.
Determine has already bought 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.
