Odyssey Raises $310 Million Series B to Scale Its AI World Models

PALO ALTO, Calif.: Odyssey, an AI lab focused on building general-purpose AI world models, has closed a $310 million Series B funding round at a valuation of $1.45 billion. The round was led by Natural Capital and announced on June 17 across multiple outlets.

The deal saw participation from a notable mix of investors including Amazon, AMD Ventures, GV, EQT, and In-Q-Tel, the venture arm affiliated with the CIA. With this latest raise, Odyssey’s total funding now stands at $337 million across its history.

The fresh capital will be used to scale the company’s general-purpose AI world models, which are designed to simulate and understand real-world environments across a wide range of applications.

World models represent a frontier beyond text-based large language models in current AI research. The systems gather data from the physical world and simulate it with accurate physics. Applications span robotics, gaming, autonomous vehicles, science, defense, and education.

Also read: World Labs Raises $1B Series C for Spatial AI World Models

Co-founders Oliver Cameron and Jeff Hawke previously built autonomous vehicle technology before launching Odyssey. Cameron co-founded Voyage, which GM’s Cruise later acquired, where he served as VP of product. Hawke previously engineered self-driving systems at UK-based Wayve.

The company collected its training data using a Google Earth-style approach for the physical world. Field teams equipped with body-mounted cameras captured real-world environments at scale. Odyssey-2 Max, Starchild-1, and Agora-1 demonstrate the resulting physics simulation capabilities.

Also read: Runway AI Raises $315Mn at $5.3Bn Valuation for World Models

The Series B brings a notable strategic shift around compute infrastructure for the company. Amazon Web Services becomes Odyssey’s preferred cloud provider through the partnership. Odyssey will optimize its models on Amazon’s Trainium AI chips alongside existing hardware.

Nvidia’s venture arm backed Odyssey’s Series A just four months earlier in February 2026. The chip giant does not participate in this round despite that prior involvement. AMD Ventures’ new role signals broader competition for world-model infrastructure dominance.

“We believe world models represent a new class of foundation model that can understand and simulate the world itself,” says Odyssey CEO Oliver Cameron.

Existing angel backers include Google chief scientist Jeff Dean and Cruise founder Kyle Vogt.