Archetype AI, a Palo Alto, CA-based physical AI company, raised $13m in seed funding.
The round was led by Venrock, with participation from Amazon Industrial Innovation Fund, Hitachi Ventures, Buckley Ventures, Plug and Play Ventures and several angel investors. In conjunction with the financing, Ganesh Srinivasan, Partner at Venrock, will join the board.
Co-founded by Ivan Poupyrev, Brandon Barbello, Leonardo Giusti, Jaime Lien and Nicholas Gillian, Archetype AI emerged from stealth and introduced Newton™, a foundation model that understands the physical world. Newton combines multimodal temporal data – including signals from accelerometers, gyroscopes, radars, cameras, microphones, thermometers and other environmental sensors – with natural language to unlock insights about the physical world in real-time.
With early customers like Infineon and Fortune Global 500 brands across automotive, consumer electronics, construction, logistics and retail, Archetype AI’s technology allows anyone to pose open-ended questions about the physical environment and take informed action.
FinSMEs
05/04/2024