Beyond Limits, a Glendale, Calif.-based company that builds human-like reasoning into its artificial intelligence, has taken its tech from outer space onto factory floors and to hospitals.

Now as it seeks to expand its global footprint, the company said it raised $133 million in Series C funding. In addition to an expansion of its services, it hopes to build up its software platforms.

The round was led by Group 42, an artificial intelligence and cloud computing company in Abu Dhabi, and its longtime and ongoing partner bp ventures, an investment arm of the British energy group. Founded in 2014, Beyond Limits is based on technologies developed at Caltech and NASA's Jet Propulsion Laboratory and funded by NASA and the Department of Defense.

Read more Show less

I deeply appreciate David's approach to life and work. On this episode of LA Venture, hear Fleck talk about founding FreeFlow in order to invest in startups coming out of Caltech that have the potential to improve our world.

The California Institute of Technology ranks as one of the top universities in the world when it comes to receiving patents. But more of those inventions should successfully be making it to market, at least according to the investment thesis of Freeflow, a new pre-seed and seed stage venture firm that exclusively backs Caltech startups focused on human and planetary health.

"The people there are amazing scientists who are not afraid to tackle the hard problems," said Freeflow founder and managing partner David Fleck, who was an early Google employee who has spent the last 20 years tackling big data. "But as I started to spend more time there I realized the ecosystem was somewhat underdeveloped. They needed investors that could help them with capital and help them develop a company."

Read more Show less

Trending