Google DeepMind Spinoff Startup Valued at Nearly $4 Billion Just One Month After Founding

Odaily News: Emulate, a UK-based AI startup founded by former DeepMind researchers just one month ago, is launching a new funding round of hundreds of millions of dollars at a post-money valuation approaching $4 billion. According to people familiar with the matter, the company is in advanced talks with potential investors to raise up to $700 million, which would bring its valuation to $3.7 billion after the round closes. The massive funding round will be co-led by renowned UK venture capital firm Index Ventures and Silicon Valley-based Lightspeed Venture Partners, the sources said. (Financial Times)