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

[AI startup Periodic Labs raises $200 million in funding, led by a16z] Periodic Labs, founded by former OpenAI VP of Research Liam Fedus and former DeepMind research scientist Ekin Dogus Cubuk, has completed $200 million in funding, with a post-money valuation of $1 billion. The company focuses on using artificial intelligence technology for research and discovery of new materials. This round of financing is led by Andreessen Horowitz, and OpenAI is also expected to participate.

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