Ex-OpenAI, DeepMind Staffers Launch AI Startup Valued at $1.5 Billion
Venture capital firm Andreessen Horowitz is leading a $200 million investment in Periodic Labs, a new AI startup founded by former OpenAI and DeepMind researchers. The company is developing AI models focused on material science, aiming to accelerate innovation in fields such as energy storage, semiconductors, and pharmaceuticals. The funding round pegs Periodic Labs’ valuation at $1.5 billion — a rare feat for an early-stage firm still building its core products.
This high-profile launch underscores continued VC enthusiasm for specialized AI solutions, particularly those aimed at solving scientific and industrial problems.
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