The robot and AI startup company OpenMind has completed a $20 million funding round, with Pantera Capital leading the round and Coinbase Ventures participating.

BlockBeats News, August 4th, according to The Block, robotics and AI startup OpenMind has completed a $20 million financing round. This round was led by Pantera Capital, with participation from Coinbase Ventures, Digital Currency Group, Ribbit, and other institutions. The company is committed to achieving "Mind Machines" interconnection through open source and decentralized technology.

Reportedly, the startup is developing a "hardware-agnostic" operating system called FABRIC, designed to support the "integration of intelligent machines into daily life." This protocol provides a way for AI-powered robots to communicate and coordinate.

In a statement, the company wrote: "This financing brings OpenMind closer to making robot intelligence open, interoperable, and accessible like the internet. As more robots come online, FABRIC provides a trust layer that allows them to collaborate—no matter who made them or where they operate. Robots using FABRIC can understand where they are, who is nearby, and what to do next."