Periodic Labs Secures $300M for AI-Driven Scientific Discovery
Periodic Labs, a startup founded by former OpenAI and DeepMind researchers, has secured a whopping $300 million in seed funding. The investment comes from prominent figures in the tech and investment worlds, including Andreessen Horowitz, Nvidia, Accel, DST Global, and individual investors Jeff Bezos, Eric Schmidt, and Jeff Dean. The company aims to revolutionize scientific discovery using AI.
Periodic Labs sets itself apart from other AI companies by focusing on AI scientists and autonomous laboratories. Its founders, Liam Fedus and Ekin Dogus Cubuk, have ambitious plans to invent new superconductors and discover novel materials. The startup intends to build an AI-driven lab in Menlo Park, California, to facilitate large-scale scientific experiments.
Fedus, one of the founders, has clarified the company's mission. He stated that AI's primary purpose at Periodic Labs is to accelerate scientific progress, not to automate white-collar work. This focus on AI's role in scientific discovery is a unique approach in the tech industry.
With $300 million in seed funding and a clear vision, Periodic Labs is poised to make significant strides in physics and chemistry. Its innovative approach to scientific discovery, focusing on AI scientists and autonomous laboratories, could lead to groundbreaking advancements in the field. The startup's plans to build an AI-driven lab in Menlo Park underscore its commitment to pushing the boundaries of scientific research.
