Curated News
By: NewsRamp Editorial Staff
May 07, 2024
Swiss Startup mimic Challenges US Dominance in Race to Develop Humanoid Robot
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- Switzerland-based startup, mimic, joins US dominance in robotics race with generative AI for robotic arm and humanoid hand combo, raising $2.5M.
- mimic plans to use generative AI models to create dexterous, human-like robotic hands that fit seamlessly into existing manual labor workflows.
- mimic's AI-driven robotics aim to ease global labor shortages, revolutionize manual labor tasks, and make work more flexible and efficient.
- mimic's robots will imitate human behavior and execute tasks with minimal demonstrations, addressing complex labor challenges across various industries.
Impact - Why it Matters
The news is important as mimic's innovative robotic hands have the potential to address global labor shortages and revolutionize the way robotics fit into everyday lives and the economy. This development could impact various industries, from retail to manufacturing, by automating complex and tedious manual labor tasks, and ultimately shaping the future of the robotics industry.
Summary
A Switzerland-based startup, mimic, is challenging US dominance in the race to develop the first commercially available humanoid robot. mimic raised a pre-seed round of $2.5M, led by early stage Swiss investor Founderful, with participation from German-based fund another.vc, UK-based Tiny.vc, and specialized angel investors. The company plans to ease global labor shortages with dexterous, human-like robotic hands that fit seamlessly into existing manual labor workflows, driven by state-of-the-art AI models trained directly from human demonstrations.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Swiss Startup mimic Challenges US Dominance in Race to Develop Humanoid Robot
