Pantera backs $20m raise for decentralized OS for robots

Openmind plans to create a decentralized operating system for smart machines.

Crypto and robotics could soon become a powerful synergy. On Monday August 4, Pantera Capital led a Funding round of $ 20 million in Openmind. Other investors include Coinbase Ventures, DCG, Ribbit, Lightspeed Faction, Pebblebed, Topology, among others.

The company, whose CEO is the Stanford teacher, Jan Liphardt, works on the fabric, creating a decentralized operating system for robots.

“If AI is the brain and robotics is the body, coordination is the nervous system,” said Liphardt. “Without that, there is no intelligence – just a movement. We build the system that allows machines to reason, act and evolve together. ”

Described as “Linux sur Ethereum”, the operating system will work as a coordination layer for smart machines. He will also take advantage of the blockchain networks to remain decentralized, allowing the machines of several producers to work together.

“Today’s robots are trapped in unique sellers ecosystems that limit collaboration and cannot adapt to the complexity of the real world,” said Liphardt. “Openmind is the connective tissue that the robotics industry has missed.”

The blockchain could be the key to the development of robotics

According to Nihal Maunder, partner of Pantera Capital, this approach “seems obvious with hindsight”. He explained that an open network is the key to advancing the robotics industry.

“Openmind does for robotics what Linux and Ethereum have done for the software,” said Maunder.

Linux is an open source operating system supplying almost all servers that run the Internet. Thanks to its modular and open source nature, any developer can adapt it to its exact needs.

This reflects how smart contracts work on blockchains like Ethereum. Since decentralized applications and intelligent contracts are open source, developers can easily create DAPPs that interact with a large number of others, allowing collaborative features.