Five months old, Noetive raises $41 million Seed to build AI for the physical economy
· Source: calcalistech.com
In short
Israeli founders Amir Frenkel and Dan Barak have emerged from stealth with $41 million in Seed funding for Noetive, a San Francisco-based startup building AI for the physical economy, targeting factories, logistics operations, energy facilities and data centers. The round was led by Eclipse, with backing from Meta CTO Andrew Bosworth, Airbnb CTO Ahmad Al-Dahle, Nest co-founder Matt Rogers, Gigascale Capital founder Mike Schroepfer and Israeli VC Swish Ventures. Noetive combines a self-improving AI "brain" with a multimodal sensing pod, and is already working with design partners in manufacturing, logistics, energy and data centers.
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Tags: supply chain, logistics, funding, automation, manufacturing, forecasting