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rabbit inc. Raises Additional $10M to Launch First AI Hardware to Replace App-based Operating Systems

rabbit inc. Raises Additional $10M to Launch First AI Hardware to Replace App-based Operating Systems

December 21, 2023 Craig Etkin

After announcing its $20M fundraising in October, rabbit has closed its Series A round led by Khosla Ventures to accelerate the development of rabbit’s Large Action Model (LAM) and the upcoming device powered by LAM.

December 21, 2023 09:00 AM Eastern Standard Time

LOS ANGELES–(BUSINESS WIRE)–rabbit inc.–an AI startup building the future of human-machine interface — announced today that it has raised a $10-million Series A round led by existing investor Khosla Ventures, bringing its total funding to $30 million.

“The rabbit team is bringing powerful new consumer experiences for every human to have an agent in their pocket.”

rabbit will use the new funds to expand its headcount and rapidly develop its first standalone hardware – r1 – powered by rabbit OS, an operating system built on its proprietary foundation model, Large Action Model (LAM). The r1 device and rabbit OS will be officially unveiled on January 9, 2024 in an online launch event on the sidelines of the Consumer Electronics Show (CES 2024) in Las Vegas.

“Throughout history, humans have always tried to create more intuitive tools,” said rabbit Founder and CEO Jesse Lyu. “The current app-based operating system has been around for many years, but the way we interact with it – downloading hundreds of apps, fumbling through multiple pages and folders to find the app you want to use, requiring developers to tailor all these apps to various operating systems – has always been disjointed and cumbersome. The Large Action Model is the missing piece that will bring about a vastly improved way for humans to interact with technology and get things done faster than ever before.”

First introduced in October, Large Action Model (LAM) both understands and acts upon human intentions in ways that Large Language Model-based programs like ChatGPT cannot. Unlike generative AI chatbots, LAM accomplishes tasks without the need for bespoke integrations like Application Programming Interfaces (APIs). LAM is designed to act on consumer applications, giving users the ability to accomplish tasks like booking tickets and ordering groceries from start to finish, in the same way that humans would do it.

“We dedicated a significant amount of the initial research effort on learning app interfaces and how humans interact with them. That is how the Large Action Model (LAM) was born,” Lyu explained. “Our operating system, rabbit OS, powered by LAM, understands your intentions, automatically conducts research, operates various computer apps through interfaces, compiles and presents information, and ultimately accomplishes tasks for you.”

To let LAM perform at its best, rabbit has created a first-of-its-kind mobile device loaded with rabbit OS that lets people use intuitive input methods to accomplish tasks in a tangible way. The new standalone device – r1 – eliminates the need for users to navigate multiple apps by having a LAM-powered AI operate the apps for them. The industrial design is co-developed by rabbit and Swedish company Teenage Engineering, one of the world’s leading innovators best known for its award-winning synthesizers and audio equipment.

Moreover, rabbit OS performs all tasks without the need for users to manually create new accounts or pay for additional subscriptions for those apps to access them in rabbit OS, providing a safe, secure and responsible way to accomplish more.

“LAM breaks the boundaries of existing app interfaces,” says rabbit CTO Alexander Liao, formerly a Carnegie Mellon researcher specializing in machine learning. “Our technologies have enabled us to intelligently analyze information and take actions across multiple isolated apps in response to a natural language request, a feat that is rarely possible in existing operating systems. By utilizing neuro-symbolic techniques in the loop, it sits at the forefront of interdisciplinary scientific research in language modeling, programming languages, and formal methods,” explained Liao.

“In a decade, we could have tens of billions more agents than people on the planet running around the net doing things on our behalf,” said Vinod Khosla, founder of Khosla Ventures. “The rabbit team is bringing powerful new consumer experiences for every human to have an agent in their pocket.”

Headquartered in Los Angeles, rabbit was founded by a group of top-ranking Kaggle Grandmasters, ex-Google engineers and repeat-entrepreneurs with extensive experience in creating AI hardware and operating high-performance computing clusters. A two-time Y Combinator alumnus, rabbit’s Founder and CEO, Jesse Lyu, previously founded Raven Tech, a startup that pioneered conversational AI operating systems and was acquired by Baidu.

The virtual launch event of the rabbit r1 will take place on January 9, 2024. To receive information about the event, please register at https://www.rabbit.tech/waitlist.

For more information on rabbit and LAM, please visit https://www.rabbit.tech/research and follow the official rabbit account on X, https://twitter.com/rabbit_hmi.

About rabbit inc.

rabbit inc. is an AI startup developing a personalized operating system (OS) through a natural language interface and dedicated, affordable consumer hardware to host the OS. rabbit OS is capable of understanding complex user intentions, operating user interfaces, and performing actions on behalf of the user. The key technology powering rabbit OS is the Large Action Model (LAM), a new type of foundation model that understands human intentions on computers. The company is founded by a group of researchers, engineers, and repeat-entrepreneurs with extensive experience in creating AI hardware and operating high-performance computing (HPC) clusters to train large AI models.

Contacts

Ashley Baker
media@rabbit.tech

(c)2023 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, California, Los Angeles, rabbit, Venture Capital

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MIND, the upcoming leader in data loss prevention, today announced $30M Series A funding, just seven months after emerging from stealth, led by Paladin Capital Group and Crosspoint Capital Partners with participation from Okta Ventures and existing investor YL Ventures. This round brings MIND’s total funding to over $40M and will fuel MIND’s strategic growth and enhance its data security platform capabilities. In the past seven months, MIND has achieved 500% customer growth, gained significant traction among Fortune 1000 companies, prevented sensitive data loss across hundreds of thousands of endpoints through its proprietary endpoint agent and delivered immediate value by protecting the sensitive data of leading enterprises.

In a statement Eran Barak, Co-Founder and CEO of MIND said, “MIND was founded to help organizations thrive in the AI era and navigate the exponential growth of sensitive data in complex IT environments.” “Our rapid growth reflects a clear market shift toward smarter, faster and fully automated approaches to DLP and insider risk. This funding validates both our product and the market demand. With the backing of our new investors, each bringing deep expertise in data security, we’re positioned to revolutionize the DLP category, empower secure innovation and double our R&D and go-to-market teams by year’s end.”

MIND is on a mission to help organizations thrive in a digital world in the AI era by protecting their most sensitive data, mitigating risks and preserving brand reputation. MIND is the first-ever data security platform that puts data loss prevention and insider risk management programs on autopilot to deliver both data security posture and data loss prevention. The company enables businesses to mind what really matters—their most sensitive data. Founded and led by cybersecurity leaders and industry veterans, MIND is based out of Seattle Washington.
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TAE Technologies, the leading fusion energy company developing the cleanest and safest approach to commercial fusion power, today announced that it has raised more than $150 million in its latest funding round, exceeding the company’s initial target for the round. Chevron, Google and NEA participated in the round, among other new and existing investors. TAE has the option to raise additional capital as part of this funding round. With more than $1.3 billion in equity capital raised since inception, this latest fundraise further validates TAE’s distinctive approach to commercial fusion.

In a statement Michl Binderbauer, CEO of TAE Technologies, said: “Fusion has the potential to transform the energy landscape, providing near-limitless clean power at a time when the world’s energy needs are growing exponentially due to the growth of AI and data centers. TAE’s technology uses the soundest physics to deliver superior performance in a compact machine, with attractive economics and best-in-class maintainability. We are leading the charge to develop revolutionary fusion technology for full-scale commercial deployment.”

TAE was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company has established itself as a leader in an industry that has the potential to transform the energy economy. Since 2014, TAE and Google Research have worked together to accelerate fusion science using cutting-edge machine learning. Google engineers worked onsite at TAE facilities to co-develop advanced plasma reconstruction algorithms, leading to significantly improved plasma lifetime and performance. Fusion is nature’s preferred source of energy. It is the same process that powers the sun and stars, and it is what makes life viable on Earth. When lighter elements fuse under immense heat and pressure, they form new elements and release a tremendous amount of energy. This process is safer than conventional nuclear power because fusion can be stopped at any time – eliminating the risk of a power plant meltdown. TAE remains singularly committed to advancing the frontiers of science and innovation to benefit humanity. With a steadfast resolve to redefine the energy landscape, TAE Technologies is at the forefront of the fusion revolution, poised to usher in a new era of sustainable and limitless power generation for a better tomorrow.
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Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
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