Home / Technology / AI Startup Flapping Airplanes Soars with $1B Series A
AI Startup Flapping Airplanes Soars with $1B Series A
22 Oct
Summary
- Startup Flapping Airplanes announced a $1 billion Series A funding.
- The company's valuation reportedly reached $6 billion.
- Flapping Airplanes aims to train AI models using significantly less data.
Flapping Airplanes, a startup focused on training AI models with less data, announced a $1 billion Series A funding round on Wednesday. The investment was co-led by Index and Lux, with the company reportedly valued at $6 billion. This follows a $180 million seed round nine months prior, which valued the company at $1.5 billion. Earlier backers like Sequoia and GV also participated in this latest round.
The founding team includes Aidan Smith, Asher Spector, and Ben Spector. They are developing a "megakernel framework" designed to perform multiple AI tasks simultaneously, including training and inference. Their goal is to create more data-efficient AI systems that are less costly to train and operate, potentially reducing the need to process vast amounts of internet data.
