SoftBank, Nvidia Looking to Invest in Skild AI at $14 Billion Valuation

Japan’s SoftBank Group and Nvidia are in talks to invest in Skild AI in a funding round of more than $1 billion that could value the maker of foundation models for robots at around $14 billion, according to sources and a term sheet seen by Reuters, Akash Sriram and Krystal Hu reported for Reuters.

Skild is trying to overcome a key hurdle that has slowed the broader deployment of general-purpose machines in factories and homes by developing universal software designed to serve as the “brain” for robots. (Photo: Skild AI Facebook)

If successful, the funding would come at nearly triple Skild’s valuation from the $4.7 billion it achieved in a $500 million Series B round earlier this year, which saw participation from Nvidia, LG’s venture capital arm, and Samsung, among others, according to PitchBook data.

Founded in 2023 by former Meta AI researchers and backed by Amazon.com and Lightspeed Venture Partners, Skild is trying to overcome a key hurdle that has slowed the broader deployment of general-purpose machines in factories and homes by developing universal software designed to serve as the “brain” for robots.