Pantera Capital Funds OpenMind's Robot OS

Pantera Capital is spearheading a $20 million funding round for OpenMind, a startup focused on robotics and AI, which aims to connect 'thinking machines' through open-source, decentralized technologies. Investors joining this initiative include Coinbase Ventures, Digital Currency Group, and Ribbit. In a statement, the firm highlighted that this investment will help OpenMind make robotic intelligence as accessible and interoperable as the internet. The startup is developing a versatile operating system named FABRIC, intended to facilitate the integration of intelligent machines into daily life. This protocol enables AI-equipped robots to communicate and work together effectively. OpenMind's CEO, Jan Liphardt, who is also a Stanford professor, emphasized that the current landscape of robotics is largely fragmented. FABRIC aims to establish an 'open, secure coordination layer' to create a united global intelligence network. 'If AI is the brain and robotics is the body, then coordination is the nervous system', Liphardt stated. He stressed that without coordination, there can be no intelligence, only motion. OpenMind is designing a system that empowers machines to reason, act, and evolve collaboratively.