Union City-based Vicarious will receive $15 million in financing from various investors, including groups led by Facebook, PayPal and Napster founders.
Founders of Facebook, PayPal and Napster are betting big bucks on a Union City technology startup’s research in artificial intelligence.
Vicarious, which creates “software that thinks and learns like a human,” announced yesterday that the research team had received $15 million in financing from various investment groups. Among them are Good Ventures, a firm started by Facebook co-founder Dustin Moskovitz, and Founders Fund, a group managed by PayPal co-founder Peter Thiel and Sean Parker, a co-founder of Napster and Facebook’s first president.
“The technology that Vicarious is developing has the potential to improve all lives and revolutionize every industry,” Moskovitz said in a statement released yesterday.