May 22, 04:00 PM

Beyond Imagination Raises $100 Million Led by Gauntlet Ventures, Targets $500M Valuation with Beomni Prototype Amid $40B Figure AI Rivalry

Beyond Imagination, a humanoid robotics startup co-founded by Ray Kurzweil and Harry Kloor in 2018, is raising $100 million in Series B funding led by Gauntlet Ventures, aiming for a $500 million valuation. The company, which unveiled its Beomni humanoid prototype in 2021, focuses on AI-driven robots for U.S. manufacturing. This move comes amid a competitive landscape in humanoid robotics, with Figure AI valued at $40 billion and achieving milestones at BMW factories. EngineAI is also targeting a financing round later this year at a $1 billion valuation to compete globally in humanoid robot development. Meanwhile, China’s UBTech Robotics plans to launch a $20,000 humanoid robot designed as a household companion, expanding its reach beyond industrial applications.

#Beyond Imagination #Ray Kurzweil #Harry Kloor #Gauntlet Ventures #Beomni #Figure AI #BMW #EngineAI #China #UBTech Robotics

Written with ChatGPT (GPT-4).

Beyond Imagination Raises $100 Million Led by Gauntlet Ventures, Targets $500M Valuation with Beomni Prototype Amid $40B Figure AI Rivalry

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