Robinhood CEO’s math-focused AI startup Harmonic valued at $1.45 billion in latest fundraising

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Harmonic, an artificial intelligence startup co-founded by Robinhood CEO Vlad Tenev, has raised $120 million in new funding, valuing the company at $1.45 billion, as it tackles AI “hallucinations” – or incorrect or nonsensical answers – by improving the ability to reason.

The Series C round for the pre-revenue startup was led by Ribbit Capital, with participation from existing investors Sequoia and Kleiner Perkins. Laurene Powell Jobs’ investment firm Emerson Collective joined as a new backer.

The deal marks the company’s third major fundraising in 14…



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Robinhood CEO’s math-focused AI startup Harmonic valued at $1.45 billion in latest fundraising



Harmonic, an artificial intelligence startup co-founded by Robinhood CEO Vlad Tenev, has raised $120 million in new funding, valuing the company at $1.45 billion, as it tackles AI “hallucinations” – or incorrect or nonsensical answers – by improving the ability to reason.

The Series C round for the pre-revenue startup was led by Ribbit Capital, with participation from existing investors Sequoia and Kleiner Perkins. Laurene Powell Jobs’ investment firm Emerson Collective joined as a new backer.

The deal marks the company’s third major fundraising in 14…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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