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AMI Labs Raised $1.03B

To continue European AI development effort

Advanced Machine Intelligence (AMI) is building a new breed of AI systems that understand the world, have persistent memory, can reason and plan, and are controllable and safe.We’ve raised a $1.03B (~€890M) round from global investors who believe in our vision of universally intelligent systems centered on world models.

This round is co-led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions and other investors and angels across the world.

AMI is also supported by a group of long-term global investors and strategic backers, including Toyota Ventures, New Legacy Ventures, Temasek, SBVA, Nvidia, Mark Cuban, Association Familiale Mulliez, Groupe industriel Marcel Dassault, Sea, and Alpha Intelligence Capital.

Additional significant participation comes from Eric SchmidtAglaé Lab, Zebox Ventures, Artémis, Xavier Niel, Publicis Groupe, SamsungBpifrance Digital Venture, Jim Breyer, Tim & Rosemary Berners-Lee, and Mark Leslie.

We are a growing team of researchers and builders, operating in Paris, New York, Montreal and Singapore from day one.

Comments

We learn that the valuation of this round reaches $3.5 billion.

Cathay Innovation led this round with a few others and we see Nvidia as investor, some french companies obviously, and Eric Schmidt, Xavier Niel, Tim & Rosemary Berners-Lee, Mark Leslie, interesting...

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