The firm has announced that it will use the funding to expand its US and overseas business, including the launch of its regional headquarters in Singapore and operations in Hong Kong, Taipei and Tokyo. Further expansion will take place in Europe, the Middle East, Africa and Asia. It also intends to use the funds to drive its Cognitive AI application development, SaaS product portfolio and the Beyond Labs R&D program.
Amid growing hype about the ability of Artificial Intelligence (AI) to turbo-charge the growth of Industry 4.0, AI firm Beyond Limits announced a US$133 million ($181.7 million) Series C funding round on 23 September 2020, with another US$20 million committed. The round was led by prominent AI and cloud computing firm Group 42 and existing investor and client bp ventures.
“Today we are seeing unprecedented, world-wide demand for systems that go beyond the limitations of conventional AI,” said AJ Abdallat, CEO and Founder of Beyond Limits. “Our cognitive software has the ability to understand situations and place problems in real-world contexts as well as to learn over time.”
