Company intelligence

Odyssey

As of June 17, 2026, Odyssey was last valued at $1.45B (June 2026 Series B) and has raised at least $310M in equity across 1 sourced funding round.

Odyssey builds AI 'world models' that simulate real-world physics and generate interactive, causally consistent video environments for gaming, robotics, and physical AI applications.

AI infraMenlo Park, California, USAFounded 2023Founders: Oliver Cameron, Jeff HawkeWebsite ↗See connections →Compare with Hugging Face
Last verified Jun 17, 2026

Odyssey at a glance

As of
Latest valuation
$1.45B[1]
Series B · June 2026Derived
Equity raised
$310M[2]
Across 1 sourced roundDerived
Lead investors
Natural Capital[3]
Series B · June 2026
  1. [1] Latest valuation: Odyssey, June 17, 2026
  2. [2] Equity raised: Sum of the 1 sourced equity round in the funding history below (debt, tender offers and rumored rounds excluded), June 17, 2026
  3. [3] Lead investors: Odyssey, June 17, 2026

What Odyssey does

Odyssey is a Palo Alto AI lab that builds world models, systems that learn to predict and interact with physical and virtual environments.[1] As part of the deal, Amazon Web Services became Odyssey's preferred cloud provider, and the two are optimizing its models for AWS Trainium chips.[2] In October 2026 the company released Odyssey-3, which it says can control robot arms and humanoids, drive a car, fly drones and play video games from one model.[1],[2] Humanoid robot company Flexion has built control policies on Odyssey-3.[1]

Leadership

  • The company was founded in 2023 by self-driving car veterans, according to co-founder and CEO Oliver Cameron.[2]

Odyssey profile

written 2026-10-24

Odyssey builds general world models; it raised a $310M Series B at a $1.45B valuation in June 2026 and launched Odyssey-3 in October.

What Odyssey does

Odyssey is an AI lab that builds general world models, which are AI systems that learn to predict how the world changes next. The company's about page describes it as an AI lab pioneering general world models, and its homepage says world models learn the physics, dynamics, cause and effect, and human behavior that shape reality.[1],[2]

Odyssey released its latest model, Odyssey-3, on October 8, 2026. The company says one model can control robot arms and humanoids, drive vehicles, pilot drones, generate environments for training AI agents, and play video games. A research preview is open to developers, according to The Next Web.[3],[4]

Odyssey earlier released other world models that it describes in its Series B post. Odyssey-2 Max is credited with advancing physics accuracy in general world simulation, Starchild-1 is called the first real-time multimodal world model, Agora-1 handles multi-agent interaction within a shared simulation, and PROWL shows world models improving through active exploration. The descriptions are the company's own.[5]

Odyssey reported benchmark results for Odyssey-3 that have not been independently checked. The Next Web writes that, according to Odyssey, Odyssey-3 Pro scored 66.1 on the video-to-video test of Physics-IQ Verified, the highest score reported on that leaderboard.[4]

History

Odyssey was founded in 2023, according to co-founder Oliver Cameron. In the company's Series B post, Cameron wrote that he and a co-founder named Jeff began working more than a decade earlier on teaching cars to navigate the world, and founded Odyssey in 2023 to pursue general world models.[5]

Odyssey was founded by self-driving car veterans, according to The Next Web. The company's launch release says its team includes people from DeepMind, Tesla, Waymo, Meta, Apple and Wayve.[4],[3]

Odyssey announced a $310 million Series B on June 17, 2026, and its post from that day says Amazon Web Services will become its preferred cloud provider. The company also said it is collaborating with Amazon's Annapurna Labs to optimize its world models on AWS Trainium chips.[5]

Odyssey is based in Palo Alto, California, according to the dateline of its October 2026 release. The Next Web also calls it a Palo Alto AI lab.[3],[4]

Funding

Odyssey raised a $310 million Series B at a $1.45 billion valuation, announced June 17, 2026. The company's own post says Natural Capital led the round, with participation from Amazon, GV, AMD Ventures, EQT, IQT and others.[5]

Odyssey's existing investors include Jeff Dean, Elad Gil, Qasar Younis, Kyle Vogt and Garry Tan, along with researchers from OpenAI, DeepMind, MSL, Recursive and Thinking Machines, according to the Series B post. The company's about page lists Dean as Chief Scientist at DeepMind, Soumith Chintala as CTO of Thinking Machines, Max Jaderberg as President of Isomorphic Labs and Tim Rocktäschel as co-founder of Recursive among its backers.[5],[1]

Odyssey's Series B post includes a statement from Natural Capital that its conviction in Odyssey's research direction, technical leadership and execution made the round its largest investment to date.[5]

Odyssey has not published its total funding or the terms of earlier rounds in the sources reviewed.[5],[4]

People

Odyssey's co-founder and chief executive is Oliver Cameron, who is quoted in that role in the company's October 2026 release and in The Next Web's coverage. Cameron is the author of the Series B post.[3],[4],[5]

Odyssey's about page refers to "Odyssey's CTO Jeff Hawke" in a video listing for a research presentation at RAAIS 2026. The Series B post separately mentions a co-founder named Jeff, and the sources do not say in so many words that the two are the same person.[1],[5]

Odyssey does not publish a headcount in the sources reviewed.[1],[2]

Customers and partners

Odyssey says Flexion, which it describes as a leader in humanoid autonomy, has adopted Odyssey-3. The Next Web reports that Flexion has built control policies on Odyssey-3 and that Odyssey says they handled lighting changes that caused the tested baselines to fail.[3],[4]

Odyssey demonstrated Odyssey-3 across six domains in its launch release: robotics, humanoids, vehicles, AI training, drones and games. In the vehicles demonstration, the company says it drove autonomously on roads in India using a policy trained with approximately 20 hours of simulated driving data.[3],[4]

Odyssey names Amazon Web Services as its preferred cloud provider. Ron Diamant, a vice president and distinguished engineer at Amazon, is quoted in the Series B post saying Trainium is built for the scale world models need.[5]

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Company Snapshot

Odyssey is an AI infra company, based in Menlo Park, California, USA, founded 2023 by Oliver Cameron, Jeff Hawke.

Recent changes

  1. Jun 17, 2026Raised $310M Series B at a $1.45B valuation Odyssey
  2. Jun 17, 2026First reported valuation: $1.45B Odyssey
  3. Jun 17, 2026New investor: Google Ventures (GV) Odyssey
  4. Jun 17, 2026New investor: Natural Capital Odyssey
  5. Jun 17, 2026New investor: Amazon Odyssey
Earlier changes (7)
  1. Jun 17, 2026New investor: EQT Ventures Odyssey
  2. Jun 17, 2026New investor: AMD Ventures Odyssey
  3. Jun 17, 2026New investor: In-Q-Tel Odyssey
  4. Jun 17, 2026Odyssey Raises $310M Series B at $1.45B to Build AI World Models Pulse story
  5. Jun 17, 2026Odyssey Raises $310M Series B for AI Infrastructure -- Amazon and AMD In Pulse story
  6. Jun 17, 2026World-Model Startup Odyssey Raises $310M at a $1.45B Valuation, Backed by Amazon Pulse story
  7. Jun 17, 2026Odyssey Raises $310M at $1.45B -- Amazon and AMD Bet on World Models for Physical AI Pulse story

Funding history

1 equity event · newest first · sources dated per row
DateRoundAmountValuationLead investorsSource
Jun 17, 2026Series B$310M$1.45Bpost-moneyOdyssey

Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.

How Odyssey has been funded

On June 17, 2026 Odyssey announced a $310 million Series B at a $1.45 billion valuation led by Natural Capital, with participation from Amazon, GV, AMD Ventures, EQT and IQT.[2]

Investors and their roles

  • Existing investors include Jeff Dean, Elad Gil, Qasar Younis, Kyle Vogt and Garry Tan.[2]

Investors

Latest Pulse

  1. Odyssey Raises $310M Series B at $1.45B to Build AI World ModelsOdyssey, founded by self-driving veterans Oliver Cameron and Jeff Hawke, raised a $310 million Series B at a $1.45 billion valuation to build AI world models that simulate real-world physics and causality. Natural Capital led, with Amazon, AMD Ventures and GV joining -- and a strategic AWS Trainium compute deal pointed pointedly away from Nvidia.→
  2. World-Model Startup Odyssey Raises $310M at a $1.45B Valuation, Backed by AmazonOdyssey, the AI lab building interactive 'world models' founded by self-driving veterans Oliver Cameron and Jeff Hawke, raised a $310 million Series B at a $1.45 billion valuation led by Natural Capital, with Amazon, GV, AMD Ventures, EQT and In-Q-Tel participating. AWS becomes its preferred cloud provider, marking one of the largest bets yet on generative, explorable environments.→
  3. Odyssey Raises $310M at $1.45B -- Amazon and AMD Bet on World Models for Physical AIOdyssey, the Los Angeles startup founded by self-driving veterans Oliver Cameron and Jeff Hawke, raised a $310 million Series B at a $1.45 billion valuation to build 'world models' -- AI systems that simulate physical environments with real-world physics for robotics, autonomy, and interactive media. The round was led by Natural Capital, with Amazon, AMD Ventures, GV, Jeff Dean, Elad Gil, Garry Tan, Guillermo Rauch, and Kyle Vogt participating, and notably routes the company onto AWS Trainium after it had earlier taken Nvidia's money.→
  4. Odyssey Raises $310M Series B for AI Infrastructure -- Amazon and AMD InAI infrastructure startup Odyssey raised a $310M Series B from a syndicate including Natural Capital, Amazon, AMD Ventures, GV, and EQT. Strategic backers across the compute stack signal a bet that the AI build-out still needs new infrastructure layers, not just more GPUs.→

Coverage Timeline

newest first
  1. Jun 17, 2026FUNDINGOdyssey Raises $310M Series B at $1.45B to Build AI World Models$310M→
  2. Jun 17, 2026FUNDINGWorld-Model Startup Odyssey Raises $310M at a $1.45B Valuation, Backed by Amazon$310M→
  3. Jun 17, 2026FUNDINGOdyssey Raises $310M at $1.45B -- Amazon and AMD Bet on World Models for Physical AI$310M→
  4. Jun 17, 2026FUNDINGOdyssey Raises $310M Series B for AI Infrastructure -- Amazon and AMD In$310M→

All Coverage

FUNDING
Odyssey Raises $310M Series B at $1.45B to Build AI World Models
Illustration for: Odyssey Raises $310M Series B at $1.45B to Build AI World Models
FUNDING$310M

Odyssey Raises $310M Series B at $1.45B to Build AI World Models

Odyssey, founded by self-driving veterans Oliver Cameron and Jeff Hawke, raised a $310 million Series B at a $1.45 billion valuation to build AI world models that simulate real-world physics and causality. Natural Capital led, with Amazon, AMD Ventures and GV joining -- and a strategic AWS Trainium compute deal pointed pointedly away from Nvidia.

FUNDING
World-Model Startup Odyssey Raises $310M at a $1.45B Valuation, Backed by Amazon
Illustration for: World-Model Startup Odyssey Raises $310M at a $1.45B Valuation, Backed by Amazon
FUNDING$310M

World-Model Startup Odyssey Raises $310M at a $1.45B Valuation, Backed by Amazon

Odyssey, the AI lab building interactive 'world models' founded by self-driving veterans Oliver Cameron and Jeff Hawke, raised a $310 million Series B at a $1.45 billion valuation led by Natural Capital, with Amazon, GV, AMD Ventures, EQT and In-Q-Tel participating. AWS becomes its preferred cloud provider, marking one of the largest bets yet on generative, explorable environments.

FUNDING
Odyssey Raises $310M at $1.45B -- Amazon and AMD Bet on World Models for Physical AI
Illustration for: Odyssey Raises $310M at $1.45B -- Amazon and AMD Bet on World Models for Physical AI
FUNDING$310M

Odyssey Raises $310M at $1.45B -- Amazon and AMD Bet on World Models for Physical AI

Odyssey, the Los Angeles startup founded by self-driving veterans Oliver Cameron and Jeff Hawke, raised a $310 million Series B at a $1.45 billion valuation to build 'world models' -- AI systems that simulate physical environments with real-world physics for robotics, autonomy, and interactive media. The round was led by Natural Capital, with Amazon, AMD Ventures, GV, Jeff Dean, Elad Gil, Garry Tan, Guillermo Rauch, and Kyle Vogt participating, and notably routes the company onto AWS Trainium after it had earlier taken Nvidia's money.

FUNDING
Odyssey Raises $310M Series B for AI Infrastructure -- Amazon and AMD In
Illustration for: Odyssey Raises $310M Series B for AI Infrastructure -- Amazon and AMD In
FUNDING$310M

Odyssey Raises $310M Series B for AI Infrastructure -- Amazon and AMD In

AI infrastructure startup Odyssey raised a $310M Series B from a syndicate including Natural Capital, Amazon, AMD Ventures, GV, and EQT. Strategic backers across the compute stack signal a bet that the AI build-out still needs new infrastructure layers, not just more GPUs.

Value Add Research

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Odyssey FAQ

What is Odyssey's valuation?

On June 17, 2026 Odyssey announced a $310 million Series B at a $1.45 billion valuation led by Natural Capital, with participation from Amazon, GV, AMD Ventures, EQT and IQT.[2]

Who invested in Odyssey?

Existing investors include Jeff Dean, Elad Gil, Qasar Younis, Kyle Vogt and Garry Tan.[2]

Who founded Odyssey?

Odyssey was founded in 2023 by self-driving car veterans, according to co-founder and CEO Oliver Cameron.[2]

What does Odyssey do?

Odyssey is a Palo Alto AI lab that builds world models, systems that learn to predict and interact with physical and virtual environments.[1]

How much has Odyssey raised?

Odyssey has raised at least $310M in equity across 1 sourced funding round tracked by Value Add VC. The most recent was a $310M Series B in June 2026 at a $1.45B post-money valuation, reported by Odyssey. Debt financing, tender offers and secondary sales are not counted.

References

researched 2026-10-23
  1. The Next Web
  2. Odyssey
Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

How we verify data ·