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Lila Sciences Secures $115M, Reaching $1.3B Valuation with Nvidia's Support
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Reuters
TL;DR
Lila Sciences, an AI startup founded in 2023, raised a $115 million extension round, valuing the company at over $1.3 billion with participation from Nvidia's venture capital arm, bringing total Series A funding to $350 million. The company will use the $550 million in total funding to develop its AI Science Factories and commercially launch its platform for the energy, semiconductor, and pharmaceutical industries.
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Key takeaways
- Lila Sciences, an AI startup originating from Flagship Pioneering, has closed a $115 million extension round, increasing its valuation to over $1
- 3 billion, according to Reuters
- The round included participation from Nvidia's venture capital arm
Lila Sciences, an AI startup originating from Flagship Pioneering, has closed a $115 million extension round, increasing its valuation to over $1.3 billion, according to Reuters. The round included participation from Nvidia's venture capital arm. This extension brings the total Series A funding to $350 million and the company's overall funding to $550 million. Founded in 2023, Lila Sciences will allocate the capital to further develop its "AI Science Factories," which combine proprietary AI models with automated laboratory infrastructure. The company intends to commercially launch its platform for customers in the energy, semiconductor, and pharmaceutical development industries.
Related Topics
Artificial IntelligenceFundingVenture CapitalAI Science FactoriesLila Sciences
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