- General
- September 22, 2020
- 3 minutes read
Beyond Limits Bags $133 Million
AJ Abdallat, CEO, Beyond Limits. Photo credit: Beyond Limits Beyond Limits, a Los Angeles-based artificial intelligence upstart, has announced…
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| AJ Abdallat, CEO, Beyond Limits.
Photo credit: Beyond Limits
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Beyond Limits, a Los Angeles-based artificial intelligence upstart, has announced that it’s secured $133 million in Series C funding consisting of $113 million already raised and $20 million committed by investors. The new funding was provided by Group 42, an artificial intelligence firm based out of the United Arab Emirates, along with BP Ventures, the venture capital arm of oil giant BP. The Series C adds up the total amount of funding that Beyond Limits has secured since its inception to nearly $160 million.
Beyond Limits says it’ll use the new funding to expand its business both in the US and abroad, part of which includes the launch of an Asian unit with operations spread across Singapore, Hond Kong, Taipei (Taiwan), and Tokyo (Japan). The company is also eyeing expansion in Europe, the Middle East, Africa, and Asia. Along with business expansion, Beyond will also invest significantly in research and development.
Beyond Limits provides artificial intelligence services to mostly industrial enterprises. The company traces its origins to technology developed at Caltech’s famed Jet Propulsion Laboratory (JPL) for the NASA space program, along with technology developed by its own personnel. Beyond Limits was founded in 2014.
