Another day, another AI mega raise.
Ricursive Intelligence, a frontier AI lab, announced on Monday that it has raised $300 million in a Series A round of funding at a $4 billion valuation.
Notably, the financing comes just two months after the Palo Alto, California-based company’s launch. Ricursive just raised its seed round — a $35 million haul at a $750 million valuation in early December.
Lightspeed Venture Partners led the latest round, which included participation from DST Global, NVentures (Nvidia’s venture capital arm), Felicis Ventures 1, 49 Palms, Radical AI and Sequoia Capital. Sequoia led Ricursive’s seed financing.
Founded by Anna Goldie (CEO) and Azalia Mirhoseini (CTO), who worked on AI for chip design at Google DeepMind, Ricursive purports to be building a platform “that closes the recursive feedback loop between AI and the chips that power it.” The company claims that since chip design has become a significant bottleneck to AI progress, its approach allows AI to “continuously improve the silicon it depends on, creating a self-reinforcing cycle of advancement.”
Goldie and Mirhoseini also created AlphaChip, which they claim has been deployed across four generations of Google’s TPU and by external semiconductor companies.
“Ricursive is building toward a future where rapid AI and hardware co-evolution becomes reality, unlocking significant gains in performance and energy efficiency,” said Mirhoseini in a statement.
Guru Chahal, partner at Lightspeed Venture Partners, said in a release: “Anna and Azalia pioneered a new approach to chip design with AlphaChip. At Ricursive, they’re building a full-stack platform that creates a continuous improvement cycle between AI models and the hardware that powers them.
On Jan. 20, Humans&, a new AI lab founded by top researchers from Google, Anthropic, xAI, OpenAI and Meta, among others, announced it had raised a massive $480 million seed round at a staggering $4.48 billion valuation.
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Illustration: Dom Guzman
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