AI startup Periodic Labs raises $200 million in funding, led by a16z

ChainCatcher news, according to Techinasia, Periodic Labs, founded by former OpenAI VP of Research Liam Fedus and former DeepMind research scientist Ekin Dogus Cubuk, has completed a $200 million financing round, with a post-money valuation of $1 billion. The company focuses on utilizing artificial intelligence technology for new material research and discovery.

This round of financing was led by Andreessen Horowitz, and OpenAI is expected to participate as well.