Recursive, a New AI Start-Up, Secures $500 Million in Funding
The start-up Recursive, founded by ex-DeepMind and OpenAI engineers, has raised $500 million, achieving a valuation of $4 billion with backing from Google’s venture arm and Nvidia.
Summary
Recursive, a recently established start-up, has successfully raised $500 million to develop self-teaching AI technology. This funding marks a significant milestone for the company, which was founded by former engineers from DeepMind and OpenAI.
The investment has propelled Recursive's valuation to an impressive $4 billion. This valuation reflects the growing interest and potential in the field of artificial intelligence.
The funding round was led by notable investors, including Google’s venture arm and Nvidia, both of which have a strong presence in the AI sector. Their involvement suggests confidence in Recursive's vision and capabilities.
Key Facts
| Fact | Value |
|---|---|
| Funding Amount | $500mn |
| Valuation | $4bn |
| Founders | Former engineers at DeepMind and OpenAI |
| Investors | Google’s venture arm and Nvidia |
Updates
- No subsequent updates recorded.
Sources
- Financial Times: https://www.ft.com/content/a92bf04b-bbac-400f-9554-5b1c70957ad4