The company is expanding beyond construction and deploying autonomous heavy machinery across various industries. The data collected, including inputs from human operators, video footage, and sensor feedback, will be used to fine-tune foundational robotics models. The funding will be used to scale customer deployments, expand to new industries, and enhance the startup’s AI capabilities.
Key takeaways:
- Teleo, a construction robotics startup, recently raised $16.2 million in funding through two extensions to its 2022 Series A round. The funds will be used to scale customer deployments, expand to new industries, and enhance the startup’s AI capabilities.
- The company's mission is to gather vast datasets similar to those used to build ChatGPT, aiming to make significant advancements in robotics. Teleo's CEO, Vinay Shet, sees a lack of data in the robotics industry compared to the language world.
- Teleo's strategy involves retrofitting existing machinery to operate semi-autonomously, with remote human operators stepping in for more complex tasks. The company is expanding beyond construction and deploying autonomous heavy machinery across various industries.
- The long-term goal is to use the collected data, including inputs from human operators, video footage, and sensor feedback, to fine-tune foundational robotics models. This could eventually enable the replacement or augmentation of the human operator with a cloud-based AI agent capable of learning to control different machines.