An 11-person startup raised $40 million to challenge robotics' data-hungry giants

Source: Business Insider

Machenta cofounders Edward Johns and Vitalis VosyliusOscar MayMachenta raised $40 million in seed funding led by Creandum and Union Square Ventures. It says robots can learn tasks from one demo using a model trained entirely in simulation. The startup remains focused on research as it takes on multibillion-dollar rivals.

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