Bloomberg: Robotics Startup Genesis AI in Talks to Raise Approximately $500 Million

Odaily reported that according to sources familiar with the matter, AI robotics startup Genesis AI is in talks with investors for a new funding round, planning to raise approximately $500 million, corresponding to a pre-money valuation of around $3 billion. Existing investor Premji Invest is in discussions to lead the round, while HSG (formerly Sequoia China) and Northzone Ventures are also discussing additional investments.

In June this year, Genesis AI launched an AI industrial robot named Eno. The company stated that Eno is capable of reasoning "beyond predefined tasks" and adapting based on different outcomes. (Bloomberg)