Odaily Planet Daily reports: Sooth Labs, an AI prediction lab founded by former Meta executives and a team of CMU professors, is raising $50 million at a $335 million valuation, led by Felicis Ventures, with participation from Yann LeCun and Jeff Dean. Meta’s CTO Andrew Bosworth serves as an advisor. The company specializes in multimodal AI-based probabilistic event forecasting, serving institutions in finance, defense, insurance, and has already provided probability forecasts for events such as the WHO declaring a pandemic and Anthropic’s IPO.
Sooth Labs Raises $50M at $335M Valuation for AI Event Prediction
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Summary
Sooth Labs, an AI event prediction firm co-founded by former Meta executives and CMU professors, has raised $50 million at a $335 million valuation. The round was led by Felicis Ventures, with Yann LeCun and Jeff Dean participating. Meta CTO Andrew Bosworth serves as an advisor. The company uses multimodal AI to forecast event probabilities for clients in finance, defense, and insurance. Recent projects include pandemic risk assessments and IPO predictions. This development adds momentum to the AI + crypto and on-chain news sectors.
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