Vicarious reported the completion of a $12 million financing round


vicarious$12 million was raised by Vicarious following the successful placement and issuance of its unregistered equity securities. A total of twenty-two investors participated to the non-brokered placement which started on October 21st. Two previous unregistered financing rounds raised an estimated $55.03 million.

Vicarious develops the next generation of artificial intelligence technology by building a unified algorithmic architecture to achieve human-level intelligence in vision, language, and motor control. Backers include Mark Zuckerberg, Jeff Bezos, Good Ventures, Peter Thiel, Vinod Khosla, Formation 8, Jerry Yang, Aaron Levie, Founders Fund, Ashton Kutcher, OS Fund, Initialized Capital, Sam Altman, Adam D’Angelo, Zarco Group, Marc Benioff, Janus Friis, Dustin Moskovitz, Khosla Ventures, Felicis Ventures, Joe Lonsdale, Open Field Capital, Data Collective, A Grade Investments.

D Scott Phoenix (CEO) leads the Menlo Park CA based company which was registered in 2012. Vicarious elected to keep its revenues undisclosed.
The executive team includes David Scott Phoenix and Dileep George.
The board of directors includes Dustin Moskovitz.

The company has raised an estimated total of $67.03 million via private unregistered security offerings.

Vicarious is registered under the name Vicarious FPC

Offering recap
Status: Completed
Company: Vicarious
Industry: Other
Amount offered: $12 million
Amount placed: $12 million
First sale: 10-21-2014
Data as of: 11-04-2014

For more information visit www.XDATA.co

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