Exclusive: AI Research Startup FYDY In Talks To Raise $12 Mn From Lightspeed, General Catalyst

by · Inc42

SUMMARY

  • FYDY is in advanced talks to raise $12 Mn in its maiden funding round, which is being co-led by Lightspeed Venture Partners and General Catalyst at a $50 Mn valuation
  • The proposed round would back FYDY’s research into AI systems that learn continuously from experience.
  • The San Francisco-headquartered startup, which is currently in stealth mode, has launched its AI research studio OpenScientist in private beta.