Kiwi co-founded world‑builder hits $2.5 billion valuation

Kiwi co-founded world‑builder hits $2.5 billion valuation

June 24, 2026 · 37 min · Season 4 · Episode 155

About this episode

Jeff Hawke discusses his journey from New Zealand to co-founding Odyssey, a leading AI world model startup valued at $2.5 billion.

Another New Zealander has joined the global AI big league.  Auckland-raised engineer Jeff Hawke is now co‑founder and chief technology officer of Odyssey, a Palo Alto‑ and London‑based frontier lab that has just raised an eye‑watering US$310 million at a US$1.45 (NZ$2.55 billion) valuation – making it one of the world’s hottest AI “world model” startups. On this week’s episode of The Business of Tech podcast, I talk to Hawke about how he went from tinkering with autonomous forklifts in New Zealand to helping shape the next era of artificial intelligence from Silicon Valley and Shoreditch. Odyssey isn’t building another large language model. The company is focused on “world models” – AI systems that learn from sight and sound to understand how the real world works and then simulate it. Instead of spitting out text, these models simulate the real world, allowing robots that learn like humans, and games that feel like living worlds. Amazon to power Odyssey’s models Global investors are piling in. Odyssey’s Series B is led by US fund Natural Capital, with Amazon, AMD, GV, EQT, IQT and other heavy hitters on the…

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