Brain Corp Announces $114 Million Series C Funding Led by Softbank Vision Fund

Published by , July 24, 2017 12:46 pm

(BusinessWire)  Brain Corp (“Brain”), an A.I. company specializing in the development of self-driving technology for robots, has announced a $114 million Series C funding round led by the SoftBank Vision Fund. Brain’s A.I. and self-driving technology to enable robots to perceive their environment, learn to control their motion, and navigate using visual cues and landmarks while avoiding people and obstacles. The investment will be used to further develop A.I. technology and create brains for multiple types of commercial and consumer robots.
Dr. Eugene Izhikevich, CEO of Brain, said, “At Brain, we believe tomorrow’s robots will be intelligent autonomous machines that take care of us. Such robots will be as commonplace as computers and mobile phones are today. This funding will allow us to accelerate our mission, and we look forward to collaborating with the SoftBank Vision Fund as a long-term strategic partner.”

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