Machenta raises $40 million for robot learning model
London robotics startup Machenta raised a $40 million seed round co led by Creandum and Union Square Ventures, according to Tech.eu. The company says it is the largest seed round secured by a UK robotics company.
Machenta is developing an AI model that can teach robots tasks such as packaging, assembly and tidying after one demonstration. The company trained the model in computer generated simulations without real world data.
Imperial College London professor Edward Johns and PhD student Vitalis Vosylius founded Machenta after six years of research. The company will use the funding to develop its technology and expand its team of about 12 people at its London office.
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