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OpenMind Secures $20M for Robotic OS Development

OpenMind Secures $20M for Robotic OS Development

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by Giorgi Kostiuk

2 hours ago

OpenMind, focused on developing a decentralized operating system for robots, has secured $20 million in funding to pursue its ambitious vision.

Investment and Support for OpenMind

On August 4, OpenMind secured $20 million in funding led by Pantera Capital. Other backers include Coinbase Ventures, DCG, Ribbit, Lightspeed Faction, and top-tier firms.

FABRIC: A Decentralized OS for Robots

OpenMind is developing FABRIC, which will act as a coordination layer for smart machines. CEO Jan Liphardt emphasized the importance of coordination in uniting AI and robotics.

If AI is the brain and robotics is the body, coordination is the nervous system. Without it, there’s no intelligence – just motion.CITE_W_A

Blockchain's Role in Robotics Development

By leveraging blockchain technology, the OS will remain decentralized, enabling machines from various manufacturers to collaborate. Pantera Capital partner Nihal Maunder sees this approach as vital for advancing the industry.

OpenMind is doing for robotics what Linux and Ethereum did for software.CITE_W_A

OpenMind aims to create an innovative platform that integrates AI and robotics capabilities through the principles of decentralized technologies.

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