BLOG

simmonds stewart advises soul machines on US$40m funding round

white-logo.png

share:

Share on facebook
Share on twitter
Share on linkedin
Share on email

The official press releases have gone out, so we can finally spill the beans about something huge we’ve been working on. 

Shortly before Christmas we helped Soul Machines complete its US$40million series B financing round.  As far as we’re aware, this is the largest VC round completed by a privately-owned NZ company, where the company remained NZ domiciled post-investment. 

who invested

The round was led by Temasek, a global investment company headquartered in Singapore and owned by the Singapore Government.  Other investors included Lakestar (a leading European venture capital firm whose early investments included Skype, Facebook, Spotify and Airbnb), Salesforce Ventures, and existing investors Horizons Ventures and Auckland University’s UniServices.

about soul machines

Soul Machines was founded by Academy Award winner Mark Sagar and serial entrepreneur Greg Cross in 2016.  It now has over 120 employees based in offices in the U.S., London, Tokyo, Australia and NZ.  The company’s vision is to humanise artificial intelligence to better humanity.  Soul Machines creates lifelike, emotionally responsive, digital humans with personalities and characters that evolve over time based on interacting with users. 

Soul Machines’ Digital Brain simulates advanced cognitive processes, which control the human-like behaviour and actions of the company’s Digital Heroes in real time.  The company has already created Digital Heroes for some of the world’s biggest corporate brands, including Daimler, Procter & Gamble, The Royal Bank of Scotland, Bank ABC, Air New Zealand and ANZ.

what’s next

We’ve been working with Soul Machines since its spinout from Auckland University and series A raise in 2016, so we’re thrilled to see the company complete such a significant transaction.

We’re looking forward to seeing what’s next for this ground-breaking NZ company – luckily they haven’t mentioned a digital lawyer just yet.

explore our other blog posts

[partial name="mailchimp-newsletter-horizontal" dir="template-parts/components/component"]

are you based in southeast asia?

If so then you may prefer simmondsstewart.sg