Coatue’s $1B Fund to Accelerate AI and Humanoid Robot Innovations

Image: Coatue Management

Coatue Management, a hedge fund known for its technology investments, is raising $1 billion to fuel the next generation of AI companies. This strategic push comes at a time when AI is redefining more and more sectors, from data processing to consumer-facing applications. Coatue founder Philippe Laffont believes AI is sparking a new technology revolution, with its rapid adoption visible in GitHub trends and more than 8,000 AI apps launched in the last year alone.

Renewed interest in AI

After a pandemic-driven investment surge, the fund slowed its activity in 2023, backing 30 companies versus 170 in 2021. With a more targeted approach this year, they are refocusing on high-impact AI investments, particularly in areas with potential for significant societal impact, such as robotics. Current investments include Glean for enterprise search, CoreWeave for cloud AI infrastructure, and Skild AI, which is pioneering general-purpose AI robots.

Humanoid Robots: A New Frontier

Among the fund's notable investments is Figure AI, a company developing its second-generation humanoid robot, NEO. With lower costs and advanced AI capabilities, humanoid robots now offer more practical applications, from assisting with high-stakes tasks to helping with customer service and household chores. Coatue sees these robots as transformative tools in sectors such as healthcare, manufacturing and disaster response, and aims to back technologies that can make humanoid robots an integral part of everyday life.

With their latest fund, they are betting big on the convergence of AI and robotics to drive the next wave of innovation, marking an exciting period for advances in artificial and humanoid intelligence.


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