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Foundation EGI

Foundation EGI raises $23 million to build ‘world’s first engineering general intelligence platform’

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Foundation EGI, developer of what it describes as “the world’s first Engineering General Intelligence (EGI) platform”, has raised $23 million in oversubscribed Series A funding, raising over $30 million total.

The company is accelerating its vision of turning manufacturing’s biggest bottlenecks into breakthroughs using domain-specific AI.

The latest round was led by Translink Capital with participation from RRE Ventures, McRock Capital, Escape Investment Management (Jim Scapa), Fifth Growth Fund, and returning backers including E14 Fund, UNION, GRIDS Capital, and Henry Ford III. [Read more…] about Foundation EGI raises $23 million to build ‘world’s first engineering general intelligence platform’

Foundation EGI launches AI platform to streamline engineering and manufacturing processes

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MIT spin-out aims to tackle $8 trillion in industrial inefficiencies with engineering-focused AI platform

A new startup out of MIT, Foundation EGI, has emerged from stealth mode with a mission to apply domain-specific artificial intelligence to one of the most complex and least-digitized sectors of the global economy: manufacturing.

The company today unveiled what it calls the first Engineering General Intelligence (EGI) platform – an AI system designed to automate and optimize every phase of product lifecycle management.

The platform is currently being piloted by several Fortune 500 manufacturers, who are exploring its potential to reduce production delays, cut waste, and drive revenue growth. [Read more…] about Foundation EGI launches AI platform to streamline engineering and manufacturing processes