Discovery Loop seeks $1 billion in financing at a $10 billion valuation

Comparing news, people familiar with the matter revealed that Discovery Loop, an AI startup founded by former Google chief scientist Jeff Dean, is negotiating a financing of 1 billion US dollars, corresponding to a valuation of about 10 billion US dollars. Currently, the specific financing terms are still likely to change.

Discovery Loop is designed to accelerate discovery in science and engineering by automating machine learning, science and engineering, and running thousands of experiments in parallel. Its initial funding was led by Radical Ventures and Khosla Ventures, with Lightspeed, Kleiner Perkins, and Doerr Capital participating, with Alphabet as the founding investor and cloud service partner. Discovery Loop's founding team also included former core Google researchers such as Sanjay Ghemawat, Quoc Le, and Oriol Vinyals.