Flat Capital AB (publ) (“Flat”) has committed to invest approximately 11 MSEK in Physical Intelligence (“Pi”) through two sub-investments, of which the first of approximately 6.3 MSEK has been completed. Pi is a research company recently founded by prominent scientists, roboticists and entrepreneurs with the ambition to integrate AI into the physical world. The company intends to develop basic models and learning algorithms to empower robots and physically enabled devices of the future. Other investors in the company include OpenAI Startup Fund, Sequoia Capital, Khosla Ventures and Thrive Capital. Flat's investment is made through a SPV structure that involves administrative costs in line with market practice
Flat Capital AB (publ) (“Flat”) invests approximately 11 MSEK in xAI through a so-called Special Purpose Vehicle (“SPV”). Founded in 2023 by Elon Musk, the company aims to develop and lead revolutionary AI technologies. The company announced on May 26 a $6 billion funding round with participation from Sequoia Capital, Andreessen Horowitz and Valor Equity Partners, among others. Flat’s investment is made through a SPV structure that involves administrative costs in line with market practice
The Annual General Meeting (“AGM”) of Flat Capital AB (publ), 556941-0110, (the "Company") took place today, 6 May 2024. The AGM was conducted with both physical participation and postal voting
Flat Capital AB (publ) ("Flat") publishes its interim report for January-March 2024. Net asset value per share decreased by -2.4% compared to the previous quarter to SEK 8.20 per share. During the quarter, two investments were announced; in the legal AI company Harvey through a so-called Special Purpose Vehicle ("SPV"), and the data and AI company Oden Technologies that serves the manufacturing industry. Flat recognize a somewhat improving market environment and with a strong cash position the company intend to take advantage of the attractive opportunities that arise through Flat's global and unique network
Flat Capital AB (publ) ("Flat") is investing approximately 10 MSEK in US-based Oden Technologies ("Oden"), a prominent data and AI company serving the manufacturing industry. Flat is investing through a so-called Series B round of approximately 300 MSEK in total, whereby the capital will primarily be used to accelerate Oden's AI efforts. Flat is investing alongside Nordstjernan Growth, which is leading the round, together with participation from the majority of previous investors such as Atomico and EQT Ventures as well as one of Oden's customers, INX International Inc