5 days ago
Ex-OpenAI, DeepMind Staffers Set for $1 Billion Value in Andreessen-Led Round
Venture firm Andreessen Horowitz has agreed to lead a $200 million investment in Periodic Labs, a new startup building artificial intelligence for material science, according to people familiar with the matter.
The agreement values Periodic Labs at $1 billion before the investment, an impressive price for a months-old company, according to the people, who asked not to be identified because the information is private.
