Flapping Airplanes secures $1 billion as valuation reaches $6 billion
Index Ventures and Lux Capital led the financing for the year-old AI research company, whose valuation has quadrupled since January. The lab has not released a commercial product. It is researching ways to train AI using less data and computing power, according to The Next Web.
- Other investors included Sequoia Capital, GV and Kleiner Perkins, according to Bloomberg.
- TechCrunch describes the financing as a Series A.
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Bloomberg AI Research Startup Flapping Airplanes Valued at $6 Billion in Round · Rachel Metz
Quartz AI research startup Flapping Airplanes raised $1 billion at a $6 billion valuation · Cris Tolomia
The Next Web AI lab Flapping Airplanes is now worth $6B, four times its January value · Ana-Maria Stanciuc
TechCrunch Year-old AI lab Flapping Airplanes raises $1B at a $6B valuation · Julie Bort
SiliconANGLE Year-old AI research lab Flapping Airplanes raises $1B at a reported $6B valuation · Duncan Riley