TechCrunch·4 min read·medium
How a former DeepMind researcher raised at a $300M pre-seed valuation before launching a product
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Maggie Nye
✦AI Summary
Former Google DeepMind researcher Andrew Dai raised $55 million for his startup, Elorian, at a $300 million valuation to focus on visual AI. The discussion highlights the importance of strategic partnerships and the pursuit of visual AGI in the current competitive AI landscape.
Andrew Dai left Google DeepMind knowing visual AI was the frontier he wanted to stake his claim in. He pulled off a whirlwind fundraise that resulted in a more aggressive valuation-to-capital ratio than Thinking Machines , which raised one of the largest rounds in U.S. history.
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