Sanctuary AI Secures Additional Funding to Advance Human-Like Intelligence in Robots
Sanctuary AI has aimed to bridge the gap between artificial intelligence and practical application in the physical world through advanced robotics.
Company Name: Sanctuary AI
Location: Vancouver, BC, Canada
Sector: Robotics, Artificial Intelligence
Funding Details: Received additional financing from BDC Capital’s Thrive Venture Fund and InBC Investment Corp. (InBC), bringing total investment in Sanctuary AI to over $140M.
Purpose of Investment: To accelerate the development of human-like intelligence in general purpose robots and enhance their integration into the physical world.
Leadership: Founded by Olivia Norton, Chief Technology and Product Officer.
Product: Sanctuary AI is dedicated to creating robots with human-like intelligence that can perform a variety of tasks safely, efficiently, and sustainably. These general purpose robots are designed to address labor challenges and improve operational efficiencies across multiple industries.
About Company: Since its inception in 2018, Sanctuary AI has aimed to bridge the gap between artificial intelligence and practical application in the physical world through advanced robotics. With a diverse roster of customers and investors including Accenture, Bell, Export Development Canada, Evok Innovations, Magna, SE Health, Verizon Ventures, and Workday Ventures, the company is poised for significant growth. Sanctuary AI also benefits from a $30M Strategic Innovation Fund (SIF) contribution from the Government of Canada, emphasizing its role in driving innovation in the AI and robotics sector. This funding will enable the company to continue advancing its technology and expand its market reach, further establishing its presence in the global robotics landscape.