Soul Machines, a developer of intelligent, emotionally responsive avatars designed to change the way people interact with machines, raised $40 million in Series B funding.
The company’s avatars are hi-tech technology-based robots, enabling users to get help in transforming modern life for the better by revolutionizing the way artificial intelligence, robots, and machines interact with them.
The funding round was led by Temasek, with participation from Lakestar, Salesforce Ventures, and existing investors, including Horizons Ventures, and University of Auckland Inventors Fund.
Soul Machines was founded by Mark Sagar and Greg Cross in 2016 when it was spun out of the University of Auckland. Together, technology pioneers Sagar and Cross are fusing AI, computational brain models, and experiential learning to usher in a new customer experience era.
The company has deployed its HumanOS platform and created Digital avatars for global retail, automotive, banking, and finance brands with customers, including Procter & Gamble, Bank ABC, and The Royal Bank of Scotland.
Key initiatives in the education and healthcare fields are underway as well with Soul Machines. Soul Machines’ technology creates a new kind of customer experience and overall engagement. Brands now have the opportunity to create a digital version of their ambassadors or an entirely digitally employee, like a service agent, to interact with their fans and customers in meaningful ways.
“We have enjoyed getting to know and work with the teams at Temasek, Lakestar and Salesforce Ventures and believe they are the perfect partners to help as we continue to expand and grow our business, technology, and client base globally,” said Greg Cross, Co-Founder, and Chief Business Officer, Soul Machines. “We are very grateful for the continued support from Horizons Ventures, who are highly valued partners that understand how great technology businesses are built.”
Soul Machines plans to use the new funds to expand its operating footprint around the world to meet growing demand.