Vancouver’s Sanctuary AI, a company focused on creating the world’s first human-like intelligence in general-purpose robots, today announced the successful closing of an oversubscribed $75.5 million Series A funding.
Investors in the massive financing round include Bell, Evok Innovations, Export Development Canada, Magna, SE Health, Verizon Ventures, and Workday Ventures.
Using breakthrough technology in artificial intelligence (AI), cognition, and robotics, Sanctuary will improve the quality of the work experience, assist humans with difficult or dangerous tasks, create new jobs, bring new opportunities to those who might be less capable of physical work, and reduce the impact of labour shortages around the world.
The strategic industry investors reflect applications for human-like intelligence in general-purpose robots across a wide range of industry verticals and tasks.
Founded in 2018 by Geordie Rose, Suzanne Gildert, Olivia Norton, and Ajay Agrawal, Sanctuary is on a mission to create the world’s first human-like intelligence in general-purpose robots that will help us work more safely, efficiently, and sustainably.
Members of the Sanctuary team founded D-Wave (a pioneer in the quantum computing industry), Kindred (first use of reinforcement learning in a production robot), and the Creative Destruction Lab (pioneered a revolutionary method for the commercialization of science for the betterment of humankind).