rabbit Inc. Secures $10M for AI Hardware
rabbit inc., an AI innovator, announced a significant boost in its funding. The company raised an additional $10 million in a Series A round. This funding, led by Khosla Ventures, totals $30 million. The funds will support the development of rabbit’s Large Action Model (LAM) and its first AI hardware.
“LAM breaks the boundaries of existing app interfaces,” said rabbit’s CEO, Jesse Lyu. rabbit plans to use the investment to expand its team and hasten the development of its standalone hardware, r1. This device will feature rabbit OS, a new operating system based on LAM. The company will unveil r1 on January 9, 2024, at CES 2024.
Lyu highlights the historic struggle to create intuitive tools. “The current app-based system is disjointed,” he said. Unlike traditional Large Language Models, LAM understands and acts on human intentions. It operates without specialized integrations, like APIs. LAM aims to simplify tasks like booking tickets or ordering groceries.
“Our operating system, rabbit OS, understands your intentions,” Lyu explained. The system operates various computer apps, compiles information, and completes user tasks. rabbit collaborates with Teenage Engineering for r1’s industrial design. This partnership combines rabbit’s AI expertise with the Swedish company’s design acumen.
Alexander Liao, rabbit’s CTO, emphasized LAM’s unique capabilities. “It analyzes information and takes action across isolated apps,” he said. This technology employs neuro-symbolic techniques, leading the way in interdisciplinary research.
Vinod Khosla of Khosla Ventures envisions a future with billions of agents performing tasks for humans. “The rabbit team is introducing powerful consumer experiences,” he said. Based in Los Angeles, rabbit was founded by Kaggle Grandmasters, ex-Google engineers, and entrepreneurs. Jesse Lyu, its CEO, previously founded Raven Tech, acquired by Baidu.
