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General Catalyst, Amazon Bet $63M on AI Robotics Startup

AI robotics startup Standard Bots has raised $63 million over a series of deals. A majority of that funding haul, which has not been previously reported, comes from a $39 million Series B round led by General Catalyst with participation from the Amazon Industrial Innovation Fund and Samsung Next. Standard Bots CEO Evan Beard joins…

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AI robotics startup Standard Bots has raised $63 million over a series of deals. A majority of that funding haul, which has not been previously reported, comes from a $39 million Series B round led by General Catalyst with participation from the Amazon Industrial Innovation Fund and Samsung Next. Standard Bots CEO Evan Beard joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.”
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6 Comments

6 Comments

  1. @koctopravHASMR

    July 12, 2024 at 5:17 pm

    – Russia 🇷🇺

  2. @skyak4493

    July 12, 2024 at 5:52 pm

    $63M is a pitance compared to what straight software companies are getting, and making physical things is dramaticly more expensive.

  3. @posthocprior

    July 12, 2024 at 7:28 pm

    I googled looking for patents that Standard Bots has. I didn’t find anything. This could just be because I didn’t use the right search terms. In any case, am curious if they have any IP.

  4. @miguelescobar4140

    July 12, 2024 at 7:54 pm

    These robotic arms need a lot of work. 👎

  5. @rjmcfly202

    July 13, 2024 at 7:42 am

    Greatsuff, gooooooo Amazon🏁

  6. @matthewmark7224

    July 14, 2024 at 4:04 pm

    what shortage of workers? why cant i find a job then?

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Bloomberg’s Caroline Hyde discusses the latest sentiment around Nvidia as investors cool on the AI darling despite posting an earnings beat. And, the new Trump administration is said to be mulling a first-ever crypto policy role. Plus, Palo Alto Networks sees easier “fixes” ahead in cybersecurity as the world moves from hardware to software.
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Nikesh Arora, CEO of Palo Alto Networks, says M&A could potentially move quicker under the new Trump administration as they take on a more deregulatory tone. He joins Caroline Hyde to discuss on “Bloomberg Technology.”
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JPMorgan Chase Chief Data and Analytics Officer Teresa Heitsenrether talks about how the company is using an artificial intelligence assistant called LLM Suite. She speaks to Bloomberg’s Caroline Hyde at the Evident AI Symposium in New York.
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