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Paula Tudoran

Sequoia-Backed Mimic Robotics Secures $16M To Automate Tough Factory Tasks With Human-Like AI Dexterity

UBS Robots United States

Robot,Arm,In,A,Factory,Working

Physical AI robotics company Mimic announced on Monday that it closed a $16 million seed funding round led by Elaia with participation from Speedinvest. The oversubscribed round also drew investment from Founderful, 1st kind, 10X Founders, 2100 Ventures and Sequoia Scout Fund, pushing total capital raised past $20 million.

The fresh capital will fund expansion of the startup’s AI foundation model and accelerate commercial rollouts with Fortune 500 firms and automotive manufacturers, Mimic said.

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