Financing/Fundraising

AI company Discovery Loop, co-founded by former Google chief scientist Jeff Dean, sees valuation surge to $50 billion within weeks

Odaily reports: Sources familiar with the matter say that Discovery Loop, an AI startup co-founded by former Google chief scientist Jeff Dean, is in talks for a new funding round, with its valuation having climbed to $50 billion—five times higher than the roughly $10 billion valuation target from just weeks ago.Discovery Loop's other three co-founders are Sanjay Ghemawat, Quoc Le, and Oriol Vinyals. The company focuses on using AI to run thousands of experiments in parallel to accelerate the pace of scientific and engineering research. Its first funding round was led by Radical Ventures and Khosla Ventures, with participation from Lightspeed, Kleiner Perkins, Doerr Capital, and others. (Business Insider)

Discovery Loop seeks $1 billion raise at $10 billion valuation

Odaily News: Sources reveal that Discovery Loop, an AI startup founded by former Google Chief Scientist Jeff Dean, is in talks to raise $1 billion at a valuation of approximately $10 billion. Specific terms of the funding round are still subject to change.Discovery Loop aims to accelerate discovery in science and engineering through automated machine learning, science and engineering, and parallel execution of thousands of experiments. Its initial funding was led by Radical Ventures and Khosla Ventures, with participation from Lightspeed, Kleiner Perkins, and Doerr Capital, while Alphabet serves as founding investor and cloud services partner. The founding team of Discovery Loop also includes former core Google researchers such as Sanjay Ghemawat, Quoc Le, and Oriol Vinyals. (businessinsider)