Soul Machines, an Auckland, New Zealand-based developer of intelligent, emotionally responsive avatars, raised $7.5m in Series A financing.
The round led by Horizons Ventures with participation from Iconiq Capital. In conjunction with the funding, Phil Chen of Horizons Ventures, joined Soul Machines as executive chairman.
The company intends to use the funds to continue to develop its avatars.
A University of Auckland spinout company was built on the Baby X technology created by Dr. Mark Sagar and his engineering research team at the University’s Laboratory for Animate Technologies based in the Auckland Bioengineering Institute, Soul Machines is a developer of intelligent, emotionally responsive avatars that augment and enrich the user experience for Artificial Intelligence (AI) platforms.
In addition, New Zealand-based technology entrepreneur Greg Cross has also joined Soul Machines to accelerate commercialization.