financetom
Business
financetom
/
Business
/
AI lab Odyssey valued at $1.45 billion in latest funding round
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
AI lab Odyssey valued at $1.45 billion in latest funding round
Jun 17, 2026 11:09 AM

June 17 (Reuters) - AI lab Odyssey on Wednesday said it has raised $310 million in a Series B round valuing it at $1.45 billion, and struck a deal with Amazon Web Services that gives it access to specialized chips designed for high-performance machine-learning workloads.

The round, led by Natural Capital, saw participation from Amazon, AMD Ventures, Google Ventures, EQT and In-Q-Tel, alongside prominent individual investors including Google's chief scientist Jeff Dean and Garry Tan, president and CEO of Y Combinator.

The raise underscores growing investor appetite for advanced simulation technologies, as AI companies push beyond chatbots toward systems that can carry out complex tasks with minimal human intervention. Odyssey is building models that can simulate the real world and act without human input. 

"The last few years have seen major breakthroughs in scaling, interactivity, multimodality and physics accuracy, and the field is now advancing extremely quickly," said Oliver Cameron, co-founder and CEO of Odyssey.

"This round provides the compute, infrastructure and partners to push the frontier of general world models, and to achieve a GPT-3 moment for the field," he added, referring to the inflection point where an AI model could scale up to demonstrate unprecedented abilities. 

AWS PARTNERSHIP

Odyssey also said it has struck a deal with Amazon Web Services to make AWS its preferred cloud provider, giving the startup access to specialized chips such as Trainium that are designed for training and running high-performance AI systems.

The partnership will include joint research and efforts to bring its models to market, particularly in compute-intensive applications, the startup said. 

Odyssey has released a series of research systems over the last three years, including Odyssey-2 Max, Starchild-1 and Agora-1, which focus on improving physics accuracy, real-time multimodal interaction and multi-agent coordination in simulated environments.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved