CoreNest Capital Ignites Next-Gen Tech with New Investments in OpenAI, xAI, Weave Robotics, Blaze Money, Domu, Phonely, Andromeda Surgical, and Texture Capital
Weave municationsWeave munications(US:WEAV) GlobeNewswire News Room·2024-11-22 17:47

Core Investment Overview - CoreNest Capital has announced a new round of investments in seven innovative companies, emphasizing its commitment to transformative growth in AI, robotics, MedTech, and fintech sectors [1][2] Company Highlights - OpenAI: Leading advancements in artificial intelligence, particularly in Artificial General Intelligence (AGI) [2] - xAI: Founded by Elon Musk, focusing on AI technologies to enhance understanding of the universe [3] - Weave Robotics: Introduced Isaac, the first autonomous home assistant robot for household tasks [3] - Blaze Money: Offers a financial services app for global nomads, facilitating instant, low-fee payments [4] - Domu: Utilizes AI to automate client interactions in the insurance sector, enhancing efficiency in sales and service [4] - Phonely: Provides AI-driven phone support to improve business communication and customer service [5] - Andromeda Surgical: Develops AI-guided robotic systems for precision surgery, starting with endourology [5] - Texture Capital: Investment supports the launch of SoloTex, a regulated trading and tokenization platform for U.S. stocks, allowing self-custody and fractional trading [6] Historical Context - This funding round continues CoreNest's legacy of impactful investments, including previous companies like Artisan AI and Avatar Medical, reflecting its mission to drive global innovation [7] Company Profile - CoreNest Capital is recognized for nurturing startups in cutting-edge sectors such as AI, Robotics, MedTech, and Fintech, inviting innovative startups to submit pitch decks for investment consideration [8]