Odyssey reaches $1.45 billion valuation as investors chase world models

Odyssey has raised new funding at a reported $1.45 billion valuation, TechCrunch reports. The startup builds world models, a class of AI systems meant to understand and simulate environments beyond text.

The deal matters because investors are looking beyond large language models toward systems that can support video, robotics, simulation, and interactive planning. World models are becoming one of the next major AI infrastructure bets.

With backing from major technology investors, Odyssey is positioning itself in a field that could shape how AI systems reason about physical and virtual spaces.