Technology
Venture Capitalists Push Up AI Startup Valuations with Tranched, Two-Step Rounds
Key Points
EXCLUSIVE AI AI Frenzy Sees Venture Capitalists Backing the Same Startup at Distinct Values Venture capitalists are fighting to invest in AI startup Emulate, driving its valuation into the billions — even though the company is only three months old and doesn’t yet have a website or product. Competition to back the startup, formed by alumni of Google DeepMind, is so intense that investors are willing to buy into the same fundraising round at rapidly escalating prices.
EXCLUSIVE
AI
AI Frenzy Sees Venture Capitalists Backing the Same Startup at Distinct Values
Venture capitalists are fighting to invest in AI startup Emulate, driving its valuation into the billions — even though the company is only three months old and doesn’t yet have a website or product.
Competition to back the startup, formed by alumni of Google DeepMind, is so intense that investors are willing to buy into the same fundraising round at rapidly escalating prices.