Emulate's valuation approaches 4 billion USD, planning to raise 700 million USD

The UK AI startup Emulate, founded by former DeepMind researchers, was established just one month ago and is valued at nearly $4 billion.

The company is in deep negotiations with potential investors, planning to raise up to $700 million, which would bring its valuation to $3.7 billion upon completion of the financing. This round of financing is co-led by Index Ventures and Lightspeed Venture Partners.