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NEA led a $100M round into Fei-Fei Li’s new AI startup, now valued at over $1B

TechCrunch LogoTechCrunch3d ago

NEA led a $100M round into Fei-Fei Li’s new AI startup, now valued at over $1B - TechCrunch

Quick Summary:

World Labs, a stealthy startup founded by renowned Stanford University AI professor Fei-Fei Li, has raised two rounds of financing two months apart, according to multiple reports.

The latest financing was led by NEA and valued the company at over $1 billion, TechCrunch has learned from several people with knowledge of the investments.

Rimac revealed Friday during The Quail, a Motorsports Gathering at Monterey Car Week the Nevera R, an all-electric hypercar that’s meant to push the performance bounds of its predecessor.


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Article Details

Author / Journalist: Marina Temkin

Category: Artificial-intelligenceTechnology

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 21:25:42 (3 days ago)

News Timezone: GMT +8:00

News Source URL: techcrunch.com

Language: English

Article Length: 1080 words

Reading Time: 6 minutes read

Sentences: 48 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22116822

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