Former OpenAI researcher to raise $500 million for AI science startup
- May 10
- 1 min read
FORBES — Periodic Labs, a startup building an AI scientist that can use automated labs to make discoveries, is in advanced talks to raise at a $7.5 billion valuation in a round led by AMP, an investment vehicle founded by former Andreessen Horowitz general partner Anjney Midha.
The round will be at least $500 million, two of the sources said. The round was “significantly oversubscribed” and there are already talks for a fast-follow additional round at even higher valuation, one of the sources said.
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