#12 JMoon Newsletter - Dec 2024
Jasmeet Singh
Physical AI: VC, Founder @ JMoon | Startup Alchemist | Operational Wizard | Dating Coach
The company behind Moxie is shutting down — and children are having to say goodbye Appreciate the steps Paolo Pirjanian is taking to release OpenMoxie to run Moxie locally, without needing Embodied’s cloud services. Its news like this that makes me even more motivated to create JMoon Ventures to help turn fantastic products into growing businesses and I invite angels, HNIs, family offices, and other investors who love the AI-enabled hardware (Robotics, IoT, XR, wearables, 3D printing) sectors to reach out to me on [email protected] and help revolutionize the way investments happen in the sector. An ex-Toyota Ventures principal is joining me to build and manage the portfolio, build the community, and focus on fundraise going into 2025
The Robot Report shares how 8 years ago, not even $1 million went into startups focused exclusively on humanoids. It was even worse in 2012 when I first invested in 2 humanoid companies. I remember the struggle of the founders to raise further capital because no one believed in it at the time. Today, the total amount of private capital for the industry has climbed over $1.4 billion. And now Citi’s leading investment analysts have published “The Rise of AI Robots: Physical AI is Coming for You."
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