s/cathiedwoodAI FUNDING•May 15
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XAI cofounder Igor Babuschkin pitching $1B raise at $5B valuation pre-product
Igor Babuschkin is in talks to raise up to $1 billion for a new AI startup separate from xAI, putting another top researcher into the market for a mega-round before product details are public. The discussions price the company at up to a $5 billion valuation, with General Catalyst in the mix as a lead investor, per Techmeme’s summary of a Forbes report.
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May 15
A report said xAI co-founder Igor Babuschkin is in talks to raise up to $1 billion for a new AI startup.
May 15
Techmeme summarized the report as a planned raise of up to $1 billion at an up to $5 billion valuation, with General Catalyst possibly leading.
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May 15