The startup, headquartered in Los Angeles, raised $10 million in a Series A funding round last December, led by Khosla Ventures, bringing its total funding to $30 million. The funds were used to increase the company's headcount for the development of the r1 product. The company was founded by industry experts, including ex-Google engineers and entrepreneurs experienced in AI hardware and high-performance computer clusters.
Key takeaways:
- Rabbit Inc., an AI startup, is set to release its first product, rabbit r1, on January 9 at CES 2024. The product aims to change the way humans and machines interact, acting as a virtual helper for everyday tasks.
- The rabbit r1 is based on a personalized operating system called Rabbit OS, which is built on a Large Action Model (LAM), a new type of generative AI that can perform tasks and make decisions independently.
- The company raised $10 million in its Series A funding round in December, led by existing investor Khosla Ventures, bringing its total funding to $30 million.
- Rabbit is headquartered in Los Angeles, USA, and was founded by industry experts including ex-Google engineers and experienced entrepreneurs. The company's founder and CEO, Jesse Lyu, is a two-time Y Combinator alumnus.