Symbio, an AI start-up in the San Francisco Bay area, announced its official launch today.Backed by a total of $30 million, the company has reached agreements with Nissan and Toyota to implement its software in U.S. plants.
The company completed a $15 million round B financing in December last year. Plus the $12 million round a financing in 2018, the $2.5 million seed fund two years ago and the $500000 pre financing. The latest round of financing was led by acme capital, joining existing investors Andreessen Horowitz, eclipse ventures and the house fund.
Symbio is not specialized in providing automation solutions, but is also designing tools to enable manufacturing developers and domain experts to create their own automation solutions and easily adapt to new tasks. In order to achieve this, Symbio is building products that take advantage of artificial intelligence and human insight in a symbiotic way.
Founded in 2014, the company has about 40 employees, mostly engineers, working mainly in California. Max Reynolds said that at present, the level of automatic manufacturing in the automotive field is far lower than people's expectation, and the level of assembly automation is less than 5%. Even in this core vertical field, there are a lot of development space and opportunities.