ChainCatcher report, according to TechCrunch, Flapping Airplanes, an AI lab founded approximately one year ago, has announced the completion of a $1 billion Series A funding round co-led by Index Ventures and Lux Capital, with participation from Sequoia Capital, GV, and others. The company’s valuation has tripled since its $1.5 billion valuation nine months ago. Flapping Airplanes is focused on improving data efficiency in AI model training and developing a GPU framework capable of simultaneously handling tasks such as training and inference to reduce the cost of AI development and operation.
AI startup Flapping Airplanes completes $1 billion Series A financing, valuation reaches $60 billion
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Summary
AI startup Flapping Airplanes has secured $1 billion in Series A funding led by Index Ventures and Lux Capital, with Sequoia Capital and GV also participating. The company’s valuation has now reached $60 billion, up from $15 billion nine months ago. Flapping Airplanes focuses on improving data efficiency in AI training and developing GPU frameworks that handle training and inference simultaneously to reduce costs. Amid rising CFT regulations, this development underscores growing liquidity in crypto markets as institutional interest in AI and blockchain continues to expand.
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