According to ChainCatcher, citing Business Insider, Discovery Loop, the AI startup founded by former Google Chief Scientist Jeff Dean, is currently raising a new round of funding with a target valuation of approximately $50 billion. Just weeks ago, the company completed a round raising $1 billion at a valuation of around $10 billion. Discovery Loop is focused on using AI to automate experiments and accelerate major breakthroughs in science and engineering. Its seed round was led by Radical Ventures and Khosla Ventures, with participation from Lightspeed, Kleiner Perkins, and others; Alphabet is also a founding investor. The company’s co-founders are all veteran Google technologists, including Sanjay Ghemawat, Quoc Le, and Oriol Vinyals, each of whom has deep expertise in distributed computing, deep learning, and reinforcement learning, respectively.
Discovery Loop Completes $100M Funding at $10B Valuation, Led by Radical Ventures and Khosla Ventures
ChaincatcherShare
Summary
Discovery Loop, an AI startup co-founded by former Google chief scientist Jeff Dean, has raised $100 million in funding at a $10 billion valuation. Radical Ventures and Khosla Ventures led the round, with participation from Lightspeed, Kleiner Perkins, and Alphabet. The company aims to leverage AI to automate scientific and engineering experiments. Co-founders include Google veterans Sanjay Ghemawat, Quoc Le, and Oriol Vinyals, with expertise in deep learning and distributed computing. The funding underscores growing interest in AI and enterprise AI applications.
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.