This Robotics Startup Cofounded by CEO of Bankrupt Synapse, Is Making 'Fabricated' Claims of GM Investment and Partnership

Benzinga

A humanoid robotics startup called Foundation Robotics Labs, cofounded by the CEO of bankrupt fintech firm Synapse, Sankaet Pathak has been seeking funds from Silicon Valley investors. The company claimed close ties with General Motors, including an imminent investment, access to GM's factories for data collection, and a potential $300 million purchase order. However, GM has denied these claims, stating that they have never invested in Foundation Robotics, have no plans to do so, and have no agreements with the company, saying that "Any claims to the contrary are fabricated.”

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00:00 It's Benzinga, and here's what's on the block.

00:02 A humanoid robotics startup called Foundation Robotics Labs, co-founded by the CEO of bankrupt

00:07 fintech firm Synapse, Sankapathak, has been seeking funds from Silicon Valley investors.

00:12 The company claimed to have close ties with General Motors, including an imminent investment,

00:16 access to GM's factories for data collection, and a potential $300 million purchase order.

00:22 However, GM has denied these claims, stating they have never invested in Foundation Robotics,

00:26 have no plans to do so, and have no agreements with the company, saying that any claims to

00:31 the contrary are fabricated. For all things money, visit Benzinga.com.

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