Beyond Imagination, Inc.
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
Beyond Imagination, Inc., founded in 2018, is a robotics and artificial intelligence company headquartered in Burbank, California. Established by Dr. Harry Kloor and Ray Kurzweil, alongside other notable figures like Dean Kamen and Tony Robbins, the company focuses on developing advanced AI-powered humanoid robots to address global labor shortages. Its flagship product, the Beomni AI Brain, is designed to power robots capable of performing a wide range of physical and cognitive tasks across industries such as healthcare, manufacturing, agriculture, logistics, and hospitality. The company aims to revolutionize workforce efficiency by creating scalable, autonomous robotic systems that learn tasks like humans, enhancing productivity and safety. Business/Product Breakdown Beyond Imagination develops the Beomni AI Brain, a multimodal AI platform that integrates sight, sound, touch, language, motion, and spatial data to enable humanoid robots to perform both skilled and unskilled tasks. The Beomni AI Brain operates through specialized, lightweight AI models called "Expert Minds," which allow robots to execute complex tasks offline without constant cloud connectivity. The proprietary Hive Mind architecture enables Beomni-powered robots to share knowledge, accelerating collective learning across a fleet. Key features include navigation with obstacle avoidance, safety protocol adherence, learning by observing human actions, task planning, and multi-tasking capabilities. The company's humanoid robots are designed for applications in high-demand sectors, such as surgical assistance in healthcare, biomanufacturing, and agricultural automation. Beyond Imagination also offers a Robots as a Service (RaaS) model, providing robots, the Beomni Cloud Platform, and maintenance for a monthly fee. Strategic partnerships, such as with Dreamtech for manufacturing and Cobotic Surgical, Inc. for perioperative robots, enhance its market reach. The company's technology is positioned to address labor shortages, improve workplace safety, and support industries with high-precision needs.
Keywords
Keywords
Classified
Private