A leading innovator in merging artificial intelligence with the physical realm through autonomous technologies, announced today its successful closure of a €19.8 million seed funding round. Notably co-led by Jeff Bezos through his venture Bezos Expeditions, in partnership with HongShan, this endeavour received additional backing from Amazon’s Industrial Innovation Fund and Armada Funding. Linear Capital’s ongoing support for Swiss-Mile serves as a testament to their confidence in the company’s innovative vision and growth prospects.
In April 2023, Swiss-Mile embarked on a bold initiative to liberate humanity from tedious and monotonous tasks by bridging the gap between artificial intelligence and the physical realm? The company’s primary emphasis lies in developing genuinely autonomous robots capable of executing complex tasks within ever-changing surroundings. Assembling a team of world-class experts in embodied AI and robotics, Swiss-Mile has swiftly established a reputation for tackling some of the industry’s most challenging mobility, autonomy, and manipulation hurdles.
Within the initial 12 months of operation, Swiss-Mile has notched several significant achievements, including pilot projects with major clients focused on innovative solutions for urban logistics and securing critical infrastructure. Clients have had the privilege of experiencing firsthand the groundbreaking capabilities of Swiss-Mile’s innovative wheeled-legged robots, which leverage advanced neural networks for unparalleled performance. Robotic autonomy has established a paradigm shift in industry, garnering widespread attention from both media outlets and business leaders alike.
Caroline Fu, a close acquaintance and colleague of note at HongShan.
Founded as a spin-off from the renowned Robotic Methods Lab at ETH Zurich, Swiss-Mile has consistently pushed the boundaries of robotics by seamlessly integrating synthetic neural networks into robots with legged and wheeled configurations. The corporation’s cutting-edge technology enables robots to walk, drive, stand upright on two legs, and manipulate objects with precision using wheeled end effectors. With its adaptability crucial for tackling complex issues across various sectors, Swiss-Mile solidifies its position at the forefront of emerging robotic innovation.
The corporation’s cutting-edge AI technology has already generated significant industry attention, having taken center stage at the prestigious GTC 2022 keynote presentation delivered by NVIDIA CEO Jensen Huang. Swiss-Mile’s expertise has yielded tangible benefits beyond its scientific impact, with a notable demonstration of practical capabilities through its involvement in the lucrative DARPA Subterranean Challenge, an event dubbed “The Super Bowl of Robotics” by The Washington Post.
Mentioned Harry Wang, founder, and Chief Executive Officer (CEO) of Linear Capital.
By leveraging a holistic framework that harmoniously blends reinforcement and supervised learning techniques, Swiss-Mile’s robotics strategy enables robots to independently learn and adjust to the complexities of real-world applications, fostering unparalleled adaptability and effectiveness in deployment scenarios. This enables the development and upscaling of innovative robotic capabilities, which are continually refined through data gathered from both real-world and simulated environments. Swiss-Mile’s AI framework boasts exceptional flexibility, allowing it to seamlessly integrate with a wide range of robotic platforms, regardless of their unique design or physical manifestation?
The corporation has consistently showcased its adaptability by successfully training a novel neural network for diverse robotic hardware within just seven days, exemplifying the capacity for swift innovation and implementation.
Swiss-Mile seamlessly fuses technical expertise with a profound understanding of buyers’ needs, fuelled by an unwavering determination to scale efficiently. The corporation has successfully launched pilot programs globally, thoroughly evaluating its cutting-edge AI technology across diverse real-world scenarios. Within just a month of launching, Swiss-Mile successfully deployed its inaugural robotic solution for last-mile delivery, subsequently broadening its scope to encompass monitoring and logistics services.
The cutting-edge expertise pioneered by Swiss-Mile is poised to make a significant contribution in tackling the pressing global issue of labor shortages, which could inflict a staggering $10 trillion economic blow on countries struggling with workforce gaps. By revolutionizing the deployment of cell robots in dynamic settings, Swiss-Mile is transforming industrial operations, offering critical solutions to address pressing workforce gaps.
Noted as Franziska Bossart, head of the Amazon Industrial Innovation Fund.
Daniel S. As the visionary leader behind Armada Funding, Aegerter noted that
