Andreessen Horowitz led a $200 million financing round for Periodic Labs, valuing the company at $1 billion.

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[Chain News] PANews, August 9 – According to reports, informed sources reveal that Andreessen Horowitz has agreed to lead the $200 million financing for Periodic Labs, a startup focused on materials science artificial intelligence that was established just a few months ago. It is expected that this investment will raise Periodic Labs' valuation to $1 billion before the new round of financing.

Periodic Labs was founded by former OpenAI research vice president Liam Fedus and former DeepMind research scientist Ekin Dogus Cubuk. The company aims to leverage artificial intelligence to research and discover new materials. OpenAI is also expected to participate in this funding round, but specific terms have not yet been finalized.

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RugPullAlarmvip
· 12h ago
Valuation of 1 billion in three months? There must be an insider.
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VibesOverChartsvip
· 08-09 15:41
Another unreliable AI company.
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BlockhouseGallopsInThvip
· 08-09 05:07
Steadfast HODL💎
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HowCanABornPridefulvip
· 08-09 03:30
Step onto the Arb chain, meet ysarb, and embark on a new journey of wealth appreciation!
View OriginalReply0
MetaverseLandlordvip
· 08-09 03:06
Why are institutions pouring money into this company?
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ser_ngmivip
· 08-09 03:04
Fast forward to Rug Pull
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MevShadowrangervip
· 08-09 02:59
Material science is also getting into web3?!
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GateUser-a180694bvip
· 08-09 02:43
Can materials science also attract investment?
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