Humane, a San Francisco, CA-based experience company for technologies and platforms, raised $100M in Series C funding.
The round was led by Kindred Ventures, with participation from SK Networks, Microsoft, LG Technology Ventures, Volvo Cars Tech Fund, Top Tier Capital, Hudson Bay Capital, and Socium Ventures and existing investors Tiger Global, Qualcomm Ventures, Valia Ventures, Forerunner Ventures, Lachy Groom, and Sam Altman.
The company intends to use the funds to expand operations and its business reach.
Founded in 2018 by Imran Chaudhri and Bethany Bongiorno, Humane is creating a software platform and a consumer device built for artificial intelligence (AI). Strategic technology partners and collaborators include Microsoft, OpenAI, SK Networks, LG, and Volvo Cars.
While the initial device will be focused on delivering the next generation of personal technology, the company is exploring ways to bring its solutions into new personal domains in the future:
- A collaboration with LG will see the companies working closely on potential R&D projects for the next phase of products, on the core technology included in future devices and on integration into the home technology space
- Strategic investor Volvo Cars Tech Fund will work with Humane on a potential future collaboration which would be the first example of Humane’s offering being applied to the automotive industry. Like Humane, Volvo Cars develops technology to simplify life for its customers and the partnership is built on the shared values of safety, trust and privacy
Alongside investment, the company has secured strategic collaborations with some of the most influential technology companies in the world:
- Humane has partnered with Microsoft to bring its services platform to market. This will see Humane leverage the best cloud infrastructure in AI
- A collaboration with OpenAI will integrate its technology into the Humane device and deliver OpenAI and Humane AI experiences at scale to consumers
- Humane’s future global expansion plans include a collaboration with SK Networks (which covers the ICT device distribution business in Korea and has an extensive global network) to build on the shared ethos of creating meaningful change in consumer technologies
FinSMEs
08/03/2023