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CloudMinds Technology Inc.
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CloudMinds Technology Inc.

https://www.en.cloudminds.com/
Last activity: 08.03.2024
Probably Closed
Categories: Artificial IntelligenceCloudHumanIndustryInvestmentProductRoboticsServiceSmartTechnology
THE COMPANY

CloudMinds was founded in 2015 with the three elements of many successful start-ups: a bold vision, creative people, and encouraging financial support.
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The CloudMinds vision is that by 2025, helpful humanoid robots will be affordable for the average household. The vision also includes creating a new kind of venture with the unique international character that earns and keeps the trust of people and markets everywhere.
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CloudMinds people are vital to making the vision come alive. The company founder is serial entrepreneur Bill Huang, who has a record of turning technology visions into reality. Bill has attracted the CloudMinds team, who are world-class scientists, engineers, business leaders and other professionals. CloudMinds has critical functions distributed across its primary locations in Silicon Valley, Tokyo, and Beijing.
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Consistent with its international character, team, and locations, CloudMinds is supported by an internationally diverse set of investors, including, Foxconn, Keytone Ventures, SoftBank and Walden Venture Investments.

CLOUD CONNECTED SMART MACHINES

The benchmark for intelligence is the human being. However, there is no technology to enable human-like intelligence within a humanoid robot. The physical dimensions do not work. While an average human brain weighs less than 1.5 kg (3.5 pounds), the silicon alone for an artificial brain would weigh over one thousand tons!

Fortunately, AI of human capacity is being developed and can be provided in the cloud. The distribution of processing is one key enabler. Just as mobile communications are only possible with cellular networks, so too intelligent robots are only possible in the cloud. CloudMinds is creating advanced AI engines in the cloud that will serve as he brains for intelligent robots.
Likes
300
Followers
3.87K
Website visits
20.2K /mo.
Mentions
12

Overview

Location
United States, California, Irvine
Employees
501-1000
Phone
+1 669-230-3069
Total raised
$152.6M
Founded date
2015

Funding Rounds 1

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Mentions in press and media 12

DateTitleDescription
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Mar 5, 2024Aided by the democratization of generative AI, the robotics AI chipset market is expected to reach US$866m globally by 2028 finds OmdiaLONDON, March 5, 2024 /PRNewswire/ -- Since the democratization of machine learning (ML) in robotics, ML-powered workloads have become highly diverse. As generative AI (GenAI) technology continues to proliferate, foundation models are poise...
Aug 31, 2023Deals in brief: Markato backed to transform B2B wholesale in Asia, three major deals in China, and moreAmidst the funding winter, Indian startup Zepto has defied trends by becoming the country’s first unicorn this year after completing a USD 200 million Series E funding round. Commerce, whether retail or online, is a highly saturated industr...
Aug 30, 2023Deals in brief: MFast raises Series A funds to expand nationwide, multiple China and SEA deals, and moreMFast completes Series A round to expand financial services in Vietnam The Vietnam-based financial services platform has concluded its Series A funding round, raising around USD 6 million. The round was led by Wavemaker Partners and saw par...
Jul 7, 2023Chinese robot developer CloudMinds raises $138m amid reports of Hong Kong IPOChinese artificial intelligence (AI)-powered robot developer CloudMinds has raised over 1 billion yuan ($138.1 million) in a Series C round of financing as the firm is said to be weighing an initial public offering (IPO) in Hong Kong.
Jan 4, 2021Digital.com Announces Best Artificial Intelligence Companies of 2021SEATTLE (PRWEB) January 04, 2021 Digital.com, a leading independent review website for small business online tools, products, and services, has announced the best artificial intelligence (AI) companies of 2021. The top firms were selected b...
Dec 21, 2020Chinese face-scanning firm CloudMinds rebrands U.S. unit after blacklisting(Reuters) — The U.S. unit of SoftBank-backed robotics startup CloudMinds has changed its name to distance itself from the blacklisted China-based firm, two people with knowledge of the matter said, and is selling face-scanning temperature m...
Dec 21, 2020Chinese face-scanning firm CloudMinds rebrands U.S. unit after blacklistingWe are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! (Reuters) — The U.S. unit of SoftBank-backed robo...
Jul 15, 2019SoftBank-backed Chinese robot producer CloudMinds files for USD 500 million IPOBeijing-headquartered robot producer CloudMinds has filed with the US Securities and Exchange Commission for an initial public offering to raise up to USD 500 million. The company sells or leases robots that have capabilities such as welcom...
May 23, 2016CloudMinds Raises $30M in Venture Capital FundingCloudMinds, a Beijing and Shenzen, China-based provider of intelligent cloud robots, raised $30m in venture capital funding. According to reports, backers included: – SoftBank Group International, – Hon Hai Precision Industry Co Ltd, and – ...
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FAQ about CloudMinds Technology Inc.

When was CloudMinds Technology Inc. founded?

CloudMinds Technology Inc. was founded in 2015.

How much funding has CloudMinds Technology Inc. raised?

CloudMinds Technology Inc. has raised $152.6M in total across 1 funding round.

What has the press written about CloudMinds Technology Inc.?

Parsers VC has collected 12 articles mentioning CloudMinds Technology Inc., among them “Aided by the democratization of generative AI, the robotics AI chipset market is expected to reach US$866m globally by 2028 finds Omdia” (Mar 5, 2024) and “Deals in brief: Markato backed to transform B2B wholesale in Asia, three major deals in China, and more” (Aug 31, 2023).

Is CloudMinds Technology Inc. still active?

CloudMinds Technology Inc. is probably closed: its latest activity on Parsers VC dates from Mar 8, 2024.