Foundation EGI, a startup specializing in industrial AI platforms, raised $23 million in new funding to enhance its domain-specific AI system tailored for engineers.
The company, spun off from MIT in 2023, utilizes large language models and physics-based context to streamline engineering processes from design to documentation.
Foundation EGI's platform aims to convert scattered specifications and outdated instructions into structured, auditable workflows, challenging traditional engineering norms.
The funding round, led by Translink Capital, brings the total raised by Foundation EGI to over $30 million, supporting the development of AI applications for various manufacturing sectors.