Technology
Jeff Dean's AI startup Discovery Loop seeks $50 billion valuation, report says
Discovery Loop is pursuing a financing round at a $50 billion valuation, according to Business Insider.
The short version
- Former Google chief scientist Jeff Dean's new AI startup, Discovery Loop, is seeking a fundraising round valued at around $50 billion.[Business Insider]
- The push comes shortly after reports that the company was raising $1 billion at a $10 billion valuation.[Business Insider]
- Financing terms could change, and there is no guarantee the venture will secure capital at the targeted valuation.[Business Insider]
Key facts
- Jeff Dean left Google last month to start Discovery Loop, an AI venture aiming to automate discovery in science and engineering.[Business Insider]
- People familiar with the matter stated that Discovery Loop is seeking a valuation near $50 billion.[Business Insider]
- The startup was reported to be raising $1 billion at approximately a $10 billion valuation just weeks earlier.[Business Insider]
- Discovery Loop's initial round was led by Radical Ventures and Khosla Ventures, with Alphabet participating as an investor and cloud partner.[Business Insider]
What remains uncertain
- The terms of the funding round remain unsettled, and Discovery Loop might not secure the targeted $50 billion valuation.[Business Insider]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.