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Altera raises $9m in seed round to fund AI software

May 09, 2024 - gamesindustry.biz
AI startup Altera has secured $9 million in a seed funding round co-led by Patron and First Spark Ventures, raising its total funding to $11.1 million. The company, founded in December 2023, plans to use the funds to enhance its AI software and expand its team for future development. Other investors include A16Z Speedrun, Vamos Ventures, and Alumni Ventures, along with veteran investor Mitch Lasky, Valorant co-founder Stephen Lim, and others.

Altera has recently developed an AI agent capable of playing Minecraft without human input, achieving the diamond pickaxe achievement in the game. The company's CEO, Robert Yang, emphasized the potential of AI to develop fundamental human qualities like empathy. Brian Cho, co-founder at Patron, praised Altera's potential to impact various industries beyond gaming.

Key takeaways:

  • AI startup Altera has raised $9 million in a seed round, bringing its total funding to $11.1 million.
  • The company intends to use these funds to improve its artificial intelligence software and to grow its team for future development.
  • Altera has created an AI agent that can play Minecraft without human input, achieving the diamond pickaxe achievement in the game.
  • Investors believe Altera's AI agent technology has the potential to impact numerous industries beyond gaming.
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