Discovery Loop, the artificial intelligence startup founded by former Google chief scientist Jeff Dean, is seeking a new round of financing at a target valuation of about $50 billion. People familiar with the matter said the company had been raising $1 billion at roughly a $10 billion valuation just weeks ago, indicating a sharp jump in investor expectations over a short period.
The company was founded by Dean alongside former Google researchers Sanjay Ghemawat, Quoc Le, and Oriol Vinyals. Its stated goal is to use AI to run thousands of experiments in parallel, speeding up research in science and engineering. Dean left Google last month after 27 years at the company.
Discovery Loop’s first funding round, announced last month, was led by Radical Ventures and Khosla Ventures, with participation from Lightspeed, Kleiner Perkins, and Doerr Capital. Alphabet joined as a founding investor and cloud partner. The latest fundraising effort adds to a broader pattern in which elite AI research teams are attracting large checks and lofty valuations even before products are fully developed or launched, as seen with Safe Superintelligence and Thinking Machines Lab.
Discovery Loop, the AI startup founded by former Google chief scientist Jeff Dean, is seeking a new funding round at a target valuation of about $50 billion.
People familiar with the matter said the company had been raising $1 billion at roughly a $10 billion valuation just a few weeks ago. The new target marks a sharp increase.
Founded by former Google researchers
Discovery Loop was co-founded by Dean and former Google research leaders Sanjay Ghemawat, Quoc Le, and Oriol Vinyals. The company aims to use AI to run thousands of experiments in parallel and speed up research across science and engineering.
Dean left Google last month after spending 27 years at the company.
First round was announced last month
The startup’s first financing round, announced last month, was co-led by Radical Ventures and Khosla Ventures. Lightspeed, Kleiner Perkins, and Doerr Capital also participated, while Alphabet joined as a founding investor and cloud partner.
Capital keeps chasing top AI teams
The latest fundraising push adds to signs that leading AI talent continues to draw strong investor interest. Even without mature products, or in some cases before any launch, AI labs such as Safe Superintelligence and Thinking Machines Lab have already raised large sums and reached valuations in the tens of billions of dollars.
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