Veeda AI
Category: Robotics / Embodied AI
Toronto startup building multimodal foundation world models that simulate physical reality so embodied agents/robots can learn through interaction. Veeda AI was founded in 2026. The company is led by Sanja Fidler. Based in Toronto, Canada. Team size: 11-50. Total funding raised: $90M. Latest round: Seed. Key investors include Khosla Ventures, Radical Ventures.
- Founded
- 2026
- Headquarters
- Toronto, Canada
- Team size
- 11-50
- Total funding
- $90M
Value proposition
Provides infinitely scalable, high-fidelity simulated environments ("the Matrix" for physical AI) generated by world models, letting robots learn through safe, cheap, parallelizable trial-and-error instead of costly and unsafe real-world training.
Products and solutions
Multimodal foundation world models generating physically realistic simulated environments for embodied agent training, generative simulation trained on large-scale sensor and physical-world data.
Unique value
Founding team spun out of Nvidia's Spatial Intelligence Lab, with deep prior experience building Nvidia's flagship world model for physical AI developers and simulation software for autonomous vehicles and humanoid robots.
Target customer
Robotics companies, autonomous vehicle developers, and physical AI / embodied intelligence teams needing scalable simulation and training environments.
Industries served
Robotics, Autonomous Vehicles, Physical AI / Embodied Intelligence
Technology advantage
Founding team (Fidler, Ling, Gojcic) built Nvidia's Spatial Intelligence Lab and its world-model research; direct research lineage into generative world models, 3D/computer vision, and physical simulation.
How they differentiate
Focuses specifically on world models as training simulators for embodied/physical AI (robots, AVs), versus broader spatial-intelligence or generative-video plays; founding team has direct prior-art from building Nvidia's production world model.
Main competitors
World Labs (Fei-Fei Li), Waabi (Raquel Urtasun), Decart, AMI Labs (Yann LeCun)
Major milestones
Incorporated as Veeda Innovation Inc. in early June 2026, issued 60.6M seed shares at $1 each in late July 2026, added Radical Ventures partner Tomi Poutanen and Khosla Ventures partner Sven Strohband to board, publicly launched/emerged from stealth August 19-20, 2026 with $90M+ seed, one of the largest seed rounds ever raised by a Canadian company.
Market positioning
Early-stage, well-capitalized (one of Canada's largest-ever seed rounds) research-heavy foundation lab in the emerging 'world models for Physical AI' category, backed by top-tier AI-focused VCs.
Geographic focus
Global, with hubs in North America (Toronto, Bay Area), Europe (Zurich), and Asia (Singapore)
About Sanja Fidler
VP of AI Research at Nvidia (2018-2026), founding head of Nvidia's Toronto research unit which became the Spatial Intelligence Lab; Associate Professor of Computer Science, University of Toronto (since 2014); founding member of the Vector Institute.
Latest news about Veeda AI
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Official website: https://veeda.ai