Mirendil raises $1 billion for AI model development software
SiliconANGLE: Mirendil raises $1B in funding to speed up AI model development
Mirendil Inc., a provider of software that speeds up artificial intelligence development, has raised $1 billion in early-stage funding. The startup stated on Thursday that Kleiner Perkins and Clearlake Capital jointly led the Series A investment. They were joined by more than a half-dozen others including Google LLC. Mirendil was launched last year by two […] The post Mirendil raises $1B in funding to speed up AI model development appeared first on SiliconANGLE.
Mirendil, a startup founded by former researchers from Google DeepMind and Anthropic, has raised $1 billion to develop software that automates artificial intelligence model development. The company's platform, called Lor, splits training work among hundreds of AI agents to automate tasks involved in building language models, including fixing errors that occur during evaluation. Large language model development typically requires significant trial and error as researchers test multiple algorithm variants, making automation potentially valuable for speeding up the process. Mirendil demonstrated its approach by having a single researcher build a competitive coding model in 3.5 months for $10 million, with the company's agents writing over 99 percent of the code.
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AI agent tooling provider LangChain secures $300M investment
LangChain Inc., a startup with a set of popular open-source tools for building artificial intelligence agents, has raised $300 million in funding. The Wall Street Journal reported today that Alphabet Inc.’s CapitalG fund led the round. It was joined by IVP, Sapphire Ventures, GIC and DFJ Growth. LangChain is now worth $3 billion. San Francisco-based […] The post AI agent tooling provider LangChain secures $300M investment appeared first on SiliconANGLE.
AI agent startup LangChain hits $3B valuation
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Anthropic launches IPO roadshow with $64B fundraising goal
Anthropic PBC today kicked off the roadshow for its upcoming initial public offering. An IPO roadshow is a series of promotional events aimed at persuading institutional investors to buy shares. Anthropic plans to sell 825 million units of common stock for $70 to $78 per share, which works out to $64.35 billion at the top […] The post Anthropic launches IPO roadshow with $64B fundraising goal appeared first on SiliconANGLE.
Anthropic Seeks Record $88.5B Tied To Public Market Debut
Anthropic is seeking to secure up to $88.5 billion in its planned IPO and a concurrent private placement, potentially making it the largest-ever fundraise tied to a public market debut. On Tuesday, the AI giant submitted an updated S-1 filing for its upcoming public offering, unveiling new details including a proposed share price range offering size. The offering could set a fully diluted valuation of up to $1.4 trillion for the San Francisco company. Anthropic’s expected valuation comes in belo
Norwest pushes deeper into AI with new $4B fund
This is the investment firm's largest fund to date.