Jeff Dean's Discovery Loop Targets $50 Bn Valuation in New Funding Round

Discovery Loop, a new AI startup founded by former Google chief scientist Jeff Dean, is seeking funding at a valuation of up to $50 billion — five times its earlier $10 billion plan. The company automates scientific research by running thousands of experiments in parallel; investors include Radical Ventures, Khosla Ventures and Alphabet.

• Valuation rose from $10 billion to $50 billion in weeks
• Startup previously planned to raise about $1 billion
• Investors include Radical Ventures, Khosla Ventures, Lightspeed and Alphabet
• Startup automates research via thousands of parallel experiments