# Vicarious FPC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vicarious-fpc

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.vicarious.com
- Total disclosed funding: $125M
- Latest round: Series C (Aug 17, 2018)
- Investors on record: 12

## About

Vicarious FPC, Inc. is focused on developing advanced artificial intelligence solutions designed to mimic human cognitive functions, specifically for sectors requiring automation and efficiency.Founded in 2010 and headquartered in Palo Alto, US, Vicarious FPC, Inc. specializes in artificial intelligence technologies. The company was co-founded by Dileep George and Marcello Russo, who have backgrounds in AI development. Vicarious has successfully raised a total of USD 7.20 mn, with their latest funding coming from the Series C round, attracting investors like Pegasus Tech Ventures. The company has completed 11 deals to date, achieving a current valuation of USD 408.37 mn.Vicarious is primarily focused on developing advanced artificial intelligence solutions that aim to mimic human-like cognitive functions. Their flagship offering includes a sophisticated AI platform designed for robotics and automation, which utilizes machine learning algorithms to enhance perception and decision-making capabilities. This product is tailored for industries such as manufacturing, logistics, and healthcare, where automation and efficiency are critical. Vicarious's technology is employed by companies looking to optimize operations, reduce costs, and increase productivity. Their solutions are designed for clients across North America and Europe, particularly targeting sectors that require intelligent systems for complex tasks, including autonomous robotics and data analysis.Vicarious generates revenue through a structured model that includes partnerships and direct-to-consumer services. The firm engages in B2B transactions, collaborating with enterprises to implement their AI technology in tailored packages that suit specific operational needs. This often involves subscription-based pricing for ongoing software support and updates, as well as one-time fees for initial setup and integration. The revenue framework is bolstered by custom contracts that cater to large-scale implementations in sectors such as manufacturing and logistics. While specific pricing plans for individual services are not disclosed, the structure is designed to provide scalable solutions that accommodate the varying demands of their client base.Vicarious FPC, Inc. is working on expanding its product offerings with new solutions for automation that are set to launch in the next 12 months. The company is also targeting expansion into European markets, aiming to establish a stronger presence by 2024. Recent funding from Crescent Enterprises will support these initiatives, particularly in the development of innovative AI tools and the scaling of operations in new regions.

## Funding rounds

- Series C, Aug 17, 2018, $7.2M — Pegasus Tech Ventures
- Series C, Oct 10, 2017, $12M — ABB Technology Ventures
- Series C, Jun 6, 2017, $39M — Khosla Ventures
- Series B, Oct 21, 2014, $12M — ABB Technology Ventures
- Series B, Mar 11, 2014, $35M — Khosla Ventures, Felicis Ventures, Formation8, Initialized Capital, Good Ventures, Open Field Capital, AME Cloud Ventures, Sound Ventures, Awaken Capital
- Series A, Aug 21, 2012, $15M — Founders Fund, Felicis Ventures, Good Ventures, Open Field Capital
- Series A, Aug 7, 2012, $5M — Founders Fund, Good Ventures

## Investors

- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A
- Good Ventures — Series A, Series B
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Series A, Series B
- Open Field Capital (https://capitalatlas.ai/funds/open-field-capital) — Series A, Series B
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series B, Series C
- Formation8 (https://capitalatlas.ai/funds/formation8) — Series B
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Series B
- AME Cloud Ventures (https://capitalatlas.ai/funds/ame-cloud-ventures) — Series B
- Sound Ventures (https://capitalatlas.ai/funds/sound-ventures) — Series B
- Awaken Capital (https://capitalatlas.ai/funds/awaken-capital) — Series B
- ABB Technology Ventures (https://capitalatlas.ai/funds/abb-technology-ventures) — Series B, Series C
- Pegasus Tech Ventures (https://capitalatlas.ai/funds/pegasus-tech-ventures) — Series C