Periodic Labs, which plans to push breakthroughs in physics and chemistry using artificial intelligence, has seen its valuation jump sixfold in just eight months.
ByIain Martin,
Forbes Staff
andAnna Tong,
Forbes Staff.
Periodic Labs, a startup building an AI scientist that can use automated labs to make discoveries, is in advanced talks to raise at a $7.5 billion valuation in a round led by AMP, an investment vehicle founded by former Andreessen Horowitz general partner Anjney Midha, three sources familiar with the matter told Forbes.
Jonathan Crystal has already invested in companies including Sixfold and Bright Harbor.
Founded by former xAI staffer Eric Zelikman and early Googler Georges Harik, the new lab is building models that are better at…
Anthropic is in talks with investors about raising cash at a valuation of $900 billion, CNBC has confirmed.
Anthropic is asking investors to submit allocations for the AI company’s latest fundraise within the next 48 hours, according to…
Andy Konwinski is pledging $100 million of his own money for a new kind of institute to fund researchers. It's already backed Ion…
From LLM makers OpenAI and Anthropic to specialized firms like Cursor, Harvey, and Abridge, AI startups are chaining deals…
