ABB makes Vicarious investment in $12m round

Nov 11, 2014 • Robert Lavine

Vicarious has raised $12m in its series C round, which was led by ABB Technology Ventures, taking the artificial intelligence company's overall funding to nearly $70m.

US-based artificial intelligence researcher Vicarious has raised a $12m series C round from investors including power and automation product manufacturer ABB, Vicarious co-founder D. Scott Phoenix told VentureBeat on Thursday.

Founded in 2010, Vicarious is developing technology that will enable machines to think and learn like humans.

The company has now raised almost $70m in total, with existing investors including Formation 8, Felicis Ventures, OS Fund, Open Field Capital, Good Ventures, Initialized Capital, actor Ashton Kutcher, Tesla CEO Elon Musk…

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