Imbue, an artificial intelligence firm, announced on Thursday that it has received another $12 million in follow-on funding for its Series B round, increasing its total cash raised to more than $210 million.
Imbue announced its Series B investment of $200 million in September, with a valuation of more than $1 billion. Amazon.com’s Alexa Fund and former Google CEO Eric Schmidt are among those who have invested in the round extension.
Imbue is one of a tiny group of startups that have the money to build core models, AI systems built on enormous datasets that can execute activities ranging from writing to coding. The rise of generative AI is being fueled by foundation model developers such as Microsoft-backed OpenAI, which released the popular ChatGPT late last year.
Imbue is working on a framework for enabling so-called autonomous agents, AI systems that promise to do more sophisticated personal and professional duties like meeting scheduling or complex data analysis without close supervision.
Imbue CEO Kanjun Qiu stated that establishing AI with improved reasoning powers is the key to creating AI systems that can execute large-scale, real-world jobs.
“We want to enable agents that people can actually use and that work reliably, and ultimately the vision is to reinvent the personal computer so that it’s actually truly personal.”
Qiu stated that Imbue will utilize the investment to purchase computing resources and hire more personnel, highlighting the company’s current focus on hiring a data executive and more product-focused engineers.
Do Follow: CIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter
About us:
CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics.
