Sanctuary AI announces strategic financing from BDC Capital and INBC

Jul 3, 2024 · Funding · Sanctuary AI · Industrial

Sanctuary AI announced strategic investment from BDC Capital's Thrive Venture Fund and InBC; the current-round amount was not disclosed.

Sanctuary AI company media
Company media · Sanctuary AI
  • BDC Capital’s Thrive Venture Fund and InBC Investment Corp. made the strategic investment; the round amount was not disclosed.
  • Sanctuary said total investment exceeded C$140 million, a cumulative figure that sits alongside a separate C$30 million government contribution.
  • The company said the new capital would accelerate development of physical AI for general-purpose robots.

Vancouver physical-AI company deploying autonomous task policies on industrial robot arms and custom end effectors while developing dexterous hands and future humanoid embodiments.