Airtree backs Adelaide AI robotics startup with $5m
Airtree invested $5 million in Metacognition, an Adelaide AI firm. This raised the company's pre-seed round to $15 million total.
Venture capital firm Airtree invested $5 million into Metacognition, an Adelaide AI robotics startup founded this year. The founders are professors Anton van den Hengel and Stephen Gould, and Dr Paul Dalby.
The investment brings Metacognition's pre-seed round to $15 million. Just a month earlier, the company raised $10 million.
Metacognition builds software that makes AI robots reliable for real-world tasks. The company created an operating system called Zeos and navigation tools.
Metacognition recently released NavGPT-3. It sets a world benchmark for robots that follow voice directions.
Airtree's backing shows concern that Australia could lose AI benefits. This happens if the country only hosts technology made overseas.
- $5 million
- Airtree investment
- $15 million
- Pre-seed total
- Adelaide
- Location
Why it mattersAI investment keeps value and jobs in Australia. Without it, technology and profits move overseas instead.
AustraliaAustralian VC funding for an Adelaide AI company strengthens the local tech sector and demonstrates investor confidence in homegrown robotics innovation.
✓ Claims checked against the source. checked 2 h ago
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