Observed Signal · Mar 9, 2023 · Funding · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
Humane Raises $100M Series C for AI Device Platform
Humane, a US-based AI company founded in 2018 by former Apple employees Imran Chaudhri and Bethany Bongiorno, has raised $100 million in a Series C funding round. The round was led by Kindred Ventures, with participation from SK Networks, Microsoft, LG Technology Ventures, Volvo Cars Tech Fund, Top Tier Capital, Hudson Bay Capital and Socium Ventures. Existing investors Tiger Global, Qualcomm Ventures, Valia Ventures, Forerunner Ventures, Lachy Groom and OpenAI founder Sam Altman also joined. The Silicon Valley startup is building an integrated device and cloud platform designed from the ground up for artificial intelligence and plans to unveil its first product in spring 2023. Strategic technology and cooperation partners include Microsoft, OpenAI, SK Networks, LG and Volvo Cars. Humane also plans to work with SK Networks to distribute ICT devices in Korea as part of its global expansion.
A $100M Series C for an AI-native hardware and software startup backed by Microsoft, OpenAI and major VCs signals continued investment in AI devices, but has limited direct short-term impact on the AdTech/MarTech industry.
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Key Takeaways & Evidence Grounding
- Humane raised $100 million in a Series C funding round led by Kindred Ventures.
- The company was founded in 2018 by former Apple employees Imran Chaudhri and Bethany Bongiorno.
- Investors included Microsoft, SK Networks, LG Technology Ventures, Volvo Cars Tech Fund, Tiger Global and Qualcomm Ventures.
- Humane plans to introduce its first AI-focused product offering in spring 2023.
- Strategic partners of Humane include Microsoft, OpenAI, SK Networks, LG and Volvo Cars.
Connected Companies & Entities
9 Entities mapped“Also participating were Microsoft, and the company entered into a partnership with Microsoft....”
“Strategic technology and cooperation partners of Humane include Microsoft, OpenAI, SK Networks, LG and Volvo Cars....”
“Existing investors Forerunner Ventures were also on board....”
“Existing investors Qualcomm Ventures were also on board....”
“Existing investors Tiger Global were also on board....”
“Strategic technology and cooperation partners of Humane include Microsoft, OpenAI, SK Networks, LG and Volvo Cars....”
“Strategic technology and cooperation partners of Humane include Microsoft, OpenAI, SK Networks, LG and Volvo Cars....”
“Strategic technology and cooperation partners of Humane include Microsoft, OpenAI, SK Networks, LG and Volvo Cars....”
Ontology Mapping & Concepts
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