Pantera Leads $20M Openmind Funding Round
Main Idea
Pantera Capital led a $20 million funding round for AI software startup Openmind, which focuses on open-source software for robotics, with participation from Coinbase Ventures and Digital Currency Group.
Key Points
1. Pantera Capital announced a $20 million investment in Openmind, an AI software startup founded by Stanford professor Jan Liphardt.
2. Openmind has developed two key open-source software products, OM1 and Fabric, aimed at improving interoperability in robotics.
3. Pantera believes Openmind's decentralized open-source software represents a 'missing layer' that will revolutionize robotics, similar to the impact of Linux and Ethereum in their respective fields.
4. Other investors in the funding round include Coinbase Ventures and Digital Currency Group (DCG).
5. Pantera, founded by Dan Morehead in 2003, was one of the first crypto venture funds, established shortly after the Ethereum whitepaper was published.
Description
The crypto venture capital firm says Openmind’s focus on using decentralization to address the so-called “missing layer” problem in robotics could be a game-changer. $20M Boost: Pantera Leads Investment in Openmind Dan Morehead’s Pantera Capital quietly announced a $20 million funding round for AI software startup Openmind on Monday, touting its open-source software products as
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