Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

Engineered Arts restructures with $10M to create humanoid robots

Dec 17, 2024 - venturebeat.com
Engineered Arts, a UK-based humanoid robot maker, has restructured as a U.S. company and raised $10 million in Series A funding led by Helium-3 Ventures. This move aims to expand its U.S. presence and meet growing demand, bringing its total funding to $16.2 million. The funds will accelerate product refinement, manufacturing readiness, and scale production. Engineered Arts, known for its humanoid entertainment robots, plans to enhance dexterity and locomotion, expand cloud-based AI services, and hire 20 new employees in Redwood City, California. The company's robots are designed for natural interactions, enhancing experiences in various venues like theme parks and conventions.

Engineered Arts' flagship humanoid robot, Ameca, is already making an impact, serving marquee customers such as Madison Square Garden’s Sphere in Las Vegas and GSK at trade events. Ameca is also featured in the "Chatbots Decoded: Exploring AI" exhibit at the Computer History Museum in Mountain View, California. The exhibit highlights Ameca's lifelike expressions and dynamic personality, offering an engaging experience for visitors. Engineered Arts aims to integrate humanoid robots into daily life with a human-focused approach to AI, envisioning a world where virtual seamlessly integrates into everyday life.

Key takeaways:

```html
  • Engineered Arts, a UK-based humanoid robot maker, has restructured as a U.S. company and raised $10 million to expand its footprint and meet growing U.S. demand.
  • The company aims to accelerate product refinement, manufacturing readiness, and scale production with the new funding, bringing its total funding to $16.2 million.
  • Engineered Arts plans to enhance its humanoid robots' dexterity and locomotion, making them more accessible and functional for everyday use, and will hire approximately 20 new employees in Redwood City, California.
  • Ameca, Engineered Arts' most advanced humanoid robot, is featured in various applications, including entertainment at Madison Square Garden's Sphere and an exhibit at the Computer History Museum, showcasing its human-like expressions and engaging capabilities.
```
View Full Article

Comments (0)

Be the first to comment!