Total amount raised
$230 Millions
Latest funding date
Location
Humane has successfully raised significant funding through multiple rounds, with notable investors such as Socium Ventures and Lachy Groom. The company focuses on creating consumer hardware, software, and services that feel natural and intuitive.
Keep reading to delve into the details of Humane's fundraising journey and the investors who believe in their innovative vision.
What Is Humane?
Humane, founded in 2017 by Bethany Bongiorno and Imran Chaudhri, is based in San Francisco, California. The company focuses on creating consumer hardware, software, and services that feel natural and intuitive.
With a team of 101-250 employees, Humane is dedicated to developing innovative technology that enhances human experiences. Their flagship product, the Ai Pin, is a voice-powered wearable device designed to keep users connected and present in their environment.
Humane's mission is to make digital interactions more intuitive and less intrusive, ensuring technology integrates seamlessly into daily life.
How Much Funding Has Humane Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: June 2019
- Lead Investors: Kindred Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Humane's innovative technology and build a foundational team.
- Series A
- Amount Raised: $30M
- Date: September 2020
- Lead Investors: Lachy Groom, Sam Altman
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their AI-powered wearable device and expand their team.
- Series B
- Amount Raised: $100M
- Date: September 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: $800M
- Motivation Behind the Round: To scale operations and prepare for the product launch.
- Series C
- Amount Raised: $100M
- Date: March 2023
- Lead Investors: Kindred Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the release of their first products and integrate AI technology.
Total Amount Raised: $230M. Current Valuation: Not publicly disclosed.
Key Investors
- Kindred Ventures
- Details: Founded by Steve Jang, Kindred Ventures is a venture capital firm that focuses on early-stage technology companies. They have been instrumental in the growth of several high-profile startups.
- Investment Focus Areas: Early-stage technology companies, consumer technology, innovation.
- Notable Investments: Uber, Postmates, Coinbase.
- Microsoft
- Details: Microsoft is a leading global technology company known for its software, hardware, and cloud services. They have a strong focus on AI and enterprise solutions.
- Investment Focus Areas: Cloud computing, AI, enterprise software, consumer electronics.
- Notable Investments: LinkedIn, GitHub, OpenAI.
- Sam Altman
- Details: Sam Altman is the CEO of OpenAI and a prominent investor in technology startups. He was previously the president of Y Combinator.
- Investment Focus Areas: AI, technology startups.
- Notable Investments: OpenAI, Reddit, Stripe.
- Tiger Global
- Details: Tiger Global is a global investment firm that focuses on private and public companies in the technology sector. They have a significant presence in the venture capital space.
- Investment Focus Areas: Technology, internet, software, consumer sectors.
- Notable Investments: Facebook, LinkedIn, Spotify.
- LG Technology Ventures
- Details: The venture capital arm of LG Group, LG Technology Ventures invests in innovative technology companies. They focus on sectors that align with LG's business interests.
- Investment Focus Areas: Technology, electronics, AI, smart home devices.
- Notable Investments: Various tech startups focusing on smart home and consumer electronics.
What's Next for Humane?
Humane stands at the cusp of revolutionizing personal mobile computing with AI-driven experiences. The company’s collaborations with tech giants like Microsoft and OpenAI, along with strategic partnerships with LG and Volvo, provide a fertile ground for growth and innovation. With $230 million in funding and a workforce of 200, Humane is well-positioned to lead the next era of AI-centric consumer devices.
Future fundraising opportunities appear promising, given the substantial backing from high-profile investors and the potential market impact of their upcoming products. However, Humane faces significant challenges, including high expectations, competition from established tech giants, and the need to continuously innovate. The company must navigate these hurdles to fulfill its ambitious vision and maintain investor confidence.
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