An AI-focused startup Imbue has closed a $200 million Series B round. It was led by Astera Institute, a nonprofit founded by former CTO Ripple Jed McCaleb.
I’m excited to share our $200M Series B at a $1B+ valuation to develop AI systems that reason!
We believe reasoning is the main blocker to effective AI agents. We train large models tailor-made for reasoning on our ~10K GPU cluster. On top, we prototype agents we use every day. pic.twitter.com/inueDPagGC
— Kanjun ?? (@kanjun) September 7, 2023
Investors also included Nvidia, Cruise CEO Kyle Vogt, Notion co-founder Simon Last, and others. They valued the startup at more than $1bn, Reuters reports.
«This funding will accelerate our development of AI systems […]. Our goal remains the same: to create practical AI agents that can achieve larger objectives and operate safely in the real world», — says in the blog.
Representatives said that, as part of the rebranding, they abandoned the former name General Intelligent.
«We aim to revive the dream of the personal computer — so that computers become truly intelligent tools that expand our capabilities, give us freedom, dignity and freedom of action», — Imbue said.
Earlier, AI startup Anthropic raised $100m from South Korean telecom giant SK Telecom. The companies formed a partnership to build a large language model for Telco.
In September, Israeli AI project AI21 Labs closed a Series C financing round of $155m — valuing the company at $1.4bn.