Odaily Planet Daily report: Emulate, a UK-based AI startup founded by former DeepMind researchers and established just one month ago, is launching a new funding round with a post-money valuation nearing $4 billion. According to sources familiar with the matter, the company is in advanced negotiations with potential investors and plans to raise up to $700 million, which would result in a valuation of $3.7 billion after the round. The substantial funding round is expected to be co-led by UK-based venture capital firm Index Ventures and Silicon Valley’s Lightspeed Venture Partners. (Financial Times of the UK)
AI startup Emulate nears $4 billion valuation one month after launch
KuCoinFlashShare
Summary
AI and crypto news broke on Tuesday as UK-based Emulate, founded by former DeepMind researchers, is poised to target a nearly $4 billion valuation in its next funding round. The company is in late-stage negotiations to raise up to $700 million, with Index Ventures and Lightspeed Venture Partners expected to co-lead. A token launch is anticipated soon as the startup gains momentum just one month after its debut.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.