Discovery Loop seeks $1 billion in funding at a valuation of $10 billion

According to informed sources, AI startup Discovery Loop, founded by former Google chief scientist Jeff Dean, is in talks to raise $1 billion, corresponding to a valuation of approximately $10 billion, with specific financing terms still subject to change.

Discovery Loop aims to accelerate discoveries in the fields of science and engineering through automated machine learning, science and engineering, and the parallel execution of thousands of experiments. Its initial funding is led by Radical Ventures and Khosla Ventures, with participation from Lightspeed, Kleiner Perkins, and Doerr Capital, while Alphabet serves as the founding investor and cloud services partner. The founding team of Discovery Loop also includes former core researchers from Google such as Sanjay Ghemawat, Quoc Le, and Oriol Vinyals.