Foundation EGI Inks $7.6M Seed Round
2025-04-16
LOS ALTOS, CA, Today, Foundation EGI has emerged from stealth, backed by an oversubscribed $7.6 million seed round from early investors.
Today, Foundation EGI launched, announcing the availability of the first domain-specific, agentic AI platform - engineering general intelligence (EGI) - designed to supercharge automation, accuracy, and efficiency for every stage of product lifecycle management. With EGI, design and manufacturing engineers will be able to build better products faster, driving healthier revenues for the world's leading industrial brands. To sign up to be part of the beta, interested customers can sign up here.
Foundation EGI was co-founded by MIT academics Mok Oh, Ph.D, Professor Wojciech Matusik, and Michael Foshey, and has assembled a seasoned team with deep engineering, industrial, startup and AI experience. Backed by an over-subscribed $7.6M seed round from early investors including E14 Fund, Union Lab Ventures, Stata Venture Partners, Samsung Next, GRIDS Capital, and Henry Ford III, Foundation's EGI platform is already in testing at leading Fortune 500 industrial brands, which are witnessing its transformative and revenue-driving potential.
Foundation EGI is the manufacturing industry's first engineering general intelligence (EGI) platform that empowers design and manufacturing engineers to build better products faster, driving healthier revenues for the world's leading industrial brands. EGI codifies manual, vague and disorganized engineering instructions into an accurate, structured programming system to optimize accuracy, automation and efficiency at every stage of the design to production lifecycle.
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