DeepMind Alum's AI Startup Revolution Labs Secures $60 Million Round
Revolution Labs, an artificial intelligence company founded by a former DeepMind and Microsoft researcher, is reportedly raising a $60 million funding round. Venture capital firm Accel is expected to lead the investment.
Revolution Labs, an artificial intelligence startup founded by Nando de Freitas, a former leading researcher at Google DeepMind and Microsoft, is in the process of raising $60 million in funding. Venture capital firm Accel is expected to lead the round, with Google Ventures and New Enterprise Associates also participating, according to sources.
The company aims to develop more efficient and less computationally intensive AI models. Revolution Labs seeks to address the performance and resource demands of current large-scale AI models, often associated with technologies like ChatGPT.
Founded by de Freitas, who has a significant background in AI research and development, the startup is focused on advancing AI model architecture. The initiative has garnered attention within the deep technology and AI investment community.
This funding round highlights the continued investor interest in the artificial intelligence sector. The capital infusion is expected to support Revolution Labs' research and development efforts and its market positioning.