Two former Google DeepMind researchers who worked on the company’s Nobel Prize-winning AlphaFold protein structure prediction AI as well as its AlphaEvolve code generation system have launched a new company, with the mission of democratizing access to advanced algorithms.
The company, which is called Hiverge, emerged from stealth today with $5 million in seed funding, led by Flying Fish Ventures with participation from Ahren Innovation Capital and Alpha Intelligence Capital. Legendary coder and Google chief scientist Jeff Dean is also an investor in the startup.The company has built a platform it calls “Hive” that uses AI to generate and test novel algorithms to run vital business processes—everything from product recommendations to delivery routing— automatically optimizing them. While large companies that can afford to employ their own data science and machine learning teams do sometimes develop bespoke algorithms, this capability has been out of the reach of most medium and small businesses. Smaller firms have often had to rely on off-the-shelf software that comes with pre-built algorithms that may not be ideally suited for that particular business and its data.The Hive system also promises the potential to discover unusual algorithms that may produce superior results that human data scientists might never be able to develop through intuition or trial-and-error, Alhussein Fawzi, the company’s cofounder and CEO told Fortune. “The idea behind Hiverge is really to empower those companies with the best, best-in-class algorithms,” he said.
