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Data Center News > Blog > Investments > Sanctuary AI Receives Investment From Accenture Ventures
Investments

Sanctuary AI Receives Investment From Accenture Ventures

Last updated: March 28, 2024 11:17 am
Published March 28, 2024
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Sanctuary AI

Sanctuary AI, a Vancouver, Canada, BC-based developer of humanoid general-purpose robots, acquired an funding from Accenture Ventures.

The quantity of the deal was not disclosed.

The corporate intends to make use of the funds to develop operations and its improvement efforts.

Led by CEO Geordie Rose, Sanctuary AI creates human-like intelligence basically goal robots that may assist individuals work extra safely, effectively, and sustainably, serving to to handle the labor challenges going through many organizations at the moment. The corporate’s general-purpose robotic PhoenixTM can carry out a large number of labor duties. For example, at a Mark’s retail retailer in Langley, BC, Canada, Phoenix has carried out greater than 100 duties, together with selecting and packing merchandise, and appropriately cleansing, tagging, labeling and folding objects. Phoenix is powered by the corporate’s AI management system, CarbonTM, which mimics subsystems discovered within the human mind, akin to reminiscence, sight, sound and contact, and interprets pure language into motion in the actual world.

Commenting on the information, Geordie Rose mentioned: “Robots with human-like intelligence will fully rework the workforce of the long run. By combining Accenture’s experience in disruptive know-how with Sanctuary AI’s industry-leading robotics, we may also help a few of the greatest corporations on the earth handle this modification and supply one of the best options for its purchasers.”

FinSMEs

28/03/2024

See also  Raxio Receives $100M in Debt Financing from IFC

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TAGGED: Accenture, Investment, receives, Sanctuary, Ventures
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