Startup Funding AI News & Updates

MicroFactory Develops Compact AI-Trained Manufacturing Robots for Tabletop Production

San Francisco startup MicroFactory has built a dog crate-sized robotic manufacturing system that can be trained through human demonstration and AI. The compact factory features two robotic arms designed for precision tasks like circuit board assembly and has raised $1.5 million in pre-seed funding with a $30 million valuation.

Former Y Combinator President Launches AI Safety Investment Fund

Geoff Ralston, former president of Y Combinator, has established the Safe Artificial Intelligence Fund (SAIF) focused on investing in startups working on AI safety, security, and responsible deployment. The fund will provide $100,000 investments to startups focused on improving AI safety through various approaches, including clarifying AI decision-making, preventing misuse, and developing safer AI tools, though it explicitly excludes fully autonomous weapons.