Flat Capital AB (publ) (“Flat”) invests approx. 9 MSEK in the AI and code generation company Magic AI Inc. (“Magic” or the “Company”) through the purchase of existing shares in a secondary transaktion. The company develops advanced AI code generating models that are used to automate code generation and improve AI models, with the aim of achieving safe Artificial General Intelligence (“AGI”)
Flat Capital AB (publ) (“Flat”) invests approx. 7.4 MSEK in the AI and robotics company Physical Intelligence (“Pi”) in connection with a new financing round, and has thus invested a total of approx. 18.1 MSEK in the company. Other prominent investors in Pi include Jeff Bezos' investment firm Bezos Expeditions, OpenAI Startup Fund, Sequoia Capital, Khosla Ventures and Thrive Capital. Flat's investment is made through a Special Purpose Vehicle (“SPV”) structure that entails administrative costs in line with market practice
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, GREAT BRITAIN OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL, BE SUBJECT TO LEGAL RESTRICTIONS OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. FURTHER RESTRICTIONS APPLY. SEE THE SECTION "IMPORTANT INFORMATION" AT THE END OF THIS PRESS RELEASE
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, GREAT BRITAIN OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL, BE SUBJECT TO LEGAL RESTRICTIONS OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. FURTHER RESTRICTIONS APPLY. SEE THE SECTION "IMPORTANT INFORMATION" AT THE END OF THIS PRESS RELEASE
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, GREAT BRITAIN OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL, BE SUBJECT TO LEGAL RESTRICTIONS OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. FURTHER RESTRICTIONS APPLY. SEE THE SECTION "IMPORTANT INFORMATION" AT THE END OF THIS PRESS RELEASE