A humanoid robotics startup cofounded by the CEO of bankrupt fintech firm Synapse has canvassed Silicon Valley investors for funds by claiming close ties and an imminent investment from General Motors — claims rejected by the automaker.
"Foundation is building humanoid robots to take over work that humans do in factories, warehouses and eventually homes," the startup declared.On top of the seed investment, the fundraising document said GM was set to be Foundation's first customer, with a targeted $300 million purchase order, and had also provided access to its factories to help them train its robots.
"GM has never invested in Foundation Robotics and has no plans to do so," spokesman Darryll Harrison said in an emailed statement."In fact, GM has never had an agreement of any kind with the company. Any claims to the contrary are fabricated."
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Source: CNBC - 🏆 12. / 72 Read more »