In section Startups & Technology

Odyssey Hits Unicorn Status with $1.45 Billion Valuation

Self-driving veterans Oliver Cameron and Jeff Hawke have secured $310 million in Series B funding for their AI startup, Odyssey. The round, which pushes the company’s valuation to $1.45 billion, brings heavyweight backing from Amazon, AMD Ventures, and GV to advance the development of physics-based world models.

Odyssey Hits Unicorn Status with $1.45 Billion Valuation

Odyssey distinguishes its technology by simulating the physical world rather than focusing solely on text or chat generation. To build these models, the team replicates the data-gathering rigor of mapping services, employing human operators with body-mounted cameras to capture real-world environments. This methodology draws directly from the founders' histories in autonomous vehicle development; Cameron previously led Voyage, which was acquired by Cruise, while Hawke served as an engineer at the U.K.-based firm Wayve.

The startup plans to leverage its new capital to scale its suite of models, which currently serve industries ranging from robotics to video game design. As part of the investment deal, Odyssey has designated AWS as its preferred cloud provider, committing to optimize its architecture for Amazon’s Trainium chips. Alongside institutional investors, the company has attracted notable angel backing from industry figures including Jeff Dean, Garry Tan, and Cruise founder Kyle Vogt, bringing Odyssey’s total funding to $337 million.

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