Caltech Origin AI Startup Beyond Limits Raises Series C Round
Posted on 09/27/2020
Los Angeles-based Beyond Limits Inc. is an industrial and enterprise-grade AI technology company. Beyond Limits raised US$ 113 million in a Series C round and another roughly US$ 20 million that was committed. The Series C round is led by Group 42, an AI and data company and BP Ventures. BP Ventures is a venture capital firm of BP plc and it was formed 10 years ago. BP Ventures is a customer of Beyond Limits. Beyond Limits’ AI software was created in the labs of NASA’s Caltech deep space program. Beyond Limit’s customers and partners include BP, the Port of Los Angeles, Teledyne Controls, and Maersk Drilling.
On June 8, 2017, Beyond Limits disclosed its Series B round of US$ 20 million from its sole investor at the time BP Ventures.
Keywords: California Institute of Technology, Artificial Intelligence.