SoftBank Group and Nvidia are in talks to lead an investment of over $1 billion at a $14 billion valuation in Skild AI, a software company building a foundational robotics model, Reuters reported.

The nearly three-year-old startup was last valued at $4.7 billion in May when it raised $500 million in a round led by SoftBank along with participation of LG Technology Ventures, Samsung, Nvidia, and others, according to PitchBook data. Skild didn’t immediately respond to a request for comment. SoftBank and Nvidia declined to comment.

Unlike other heavily funded startups, Skild AI is not building proprietary hardware. Instead, it’s developing a robot-agnostic foundation model that can be customized for various types of robots and use cases.

The company unveiled its general-purpose robot mode

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