Menu

Post image 1
Post image 2
Post image 3
1 / 3
0

Periodic Labs Hits $7.5B Valuation, Raises $500M for AI Science

DEV Community·gentic news·25 days ago
#nDv48WzL
#ai#startup#business#labs#valuation#periodic
Reading 0:00
15s threshold

Periodic Labs raising $500M at $7.5B valuation. Sixfold value jump in 8 months. Talent exodus from big AI labs signals shift to autonomous science. Periodic Labs is raising $500M at a $7.5B valuation, led by AMP, the vehicle of former a16z GP Anjney Midha. The AI science startup's value has jumped sixfold since its September seed round. Key facts $500M minimum raise at $7.5B valuation Led by AMP, former a16z GP Anjney Midha's vehicle Sixfold value increase from $1.3B seed in 8 months Founded by ex-OpenAI VP Liam Fedus and ex-DeepMind scientist Ekin Dogus Cubuk Hired 20+ researchers from Meta, OpenAI, DeepMind Periodic Labs, a startup building an AI scientist that runs automated labs for physics and chemistry discovery, is in advanced talks to raise at least $500 million at a $7.5 billion valuation, three sources told Forbes. The round is led by AMP, an investment vehicle founded by former Andreessen Horowitz general partner Anjney Midha.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More