Other investors in Vancouver-based Sanctuary’s latest round include Verizon Ventures, Magna and Workday Ventures. (The Logic)
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Other investors in Vancouver-based Sanctuary’s latest round include Verizon Ventures, Magna and Workday Ventures. (The Logic)
Talking point: Founded in 2018, Sanctuary develops robots that are meant to have “human-like intelligence.” Unlike other companies, which use AI and robots for highly specialized applications, Sanctuary says its robots are meant to suit a wide variety of tasks. They will be able to assist with difficult or dangerous jobs, the company said, noting that the array of strategic investors in the round reflects the demand for such robots. “Sanctuary general-purpose robots are similar to a person in size and shape because the world is designed for people,” the company said in a release. It added that humans will still be needed to supervise the robots in their tasks, creating jobs and bringing new opportunities to those less capable of physical work.
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