Discovery Loop, the AI startup launched by former Google chief scientist Jeff Dean after his departure from Google, is already in talks for another financing round, according to a Business Insider report citing people familiar with the matter. The company is said to be seeking a valuation of about $50 billion. Just weeks earlier, it had been discussing a $1 billion raise at roughly a $10 billion valuation. The latest transaction has not been finalized, and the company has not confirmed it.
Founded in early August, Discovery Loop was started by four former Google executives and researchers: Dean, Sanjay Ghemawat, Quoc Le, and Oriol Vinyals. The company says it aims to use AI to automate the full experimental cycle, from proposing ideas and running tests to reviewing results and iterating, with the ability to run thousands of experiments in parallel. Its first focus is machine learning research itself, before expanding into scientific and engineering fields such as drug discovery and chips. Publicly, the company’s website is still centered on its technical direction and hiring, and it has not yet shown a formal product. Alphabet is both a founding investor and its cloud partner, while Radical Ventures and Khosla Ventures have also invested.
Discovery Loop, the AI startup founded by former Google chief scientist Jeff Dean after leaving Google, has begun talks for a new funding round. Business Insider, citing people familiar with the matter, reported that the company is seeking a valuation of about $50 billion.
Only weeks earlier, Discovery Loop had been in discussions to raise $1 billion at roughly a $10 billion valuation. The latest deal has not been finalized, and the company has not confirmed it.
Founded in early August by four former Google leaders
Discovery Loop was established in early August. Its four founders all came from Google: Jeff Dean, Sanjay Ghemawat, Quoc Le, and Oriol Vinyals.
AI system aims to automate the full experiment cycle
The company wants to use AI to handle the full loop of scientific experimentation: proposing experiments, running them, reviewing the results, and then iterating. It plans to run thousands of experiments in parallel.
Its first use case is machine learning research itself. After that, the company plans to expand into scientific and engineering problems including drugs and chips.
No public product yet as investors back the founding team
For now, the company’s website mainly outlines its technical approach and hiring plans. It has not presented a formal product.
Google parent Alphabet is both a founding investor in the company and its cloud partner. Radical Ventures and Khosla Ventures are also among the investors.
Just over a month after its founding, Discovery Loop still has no public product, yet its valuation target has reportedly moved from $10 billion to $50 billion. Based on the source report, investors are mainly betting on the founding team at this stage.
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