Stealth AI Startup From Ex-Googlers Raises $40 Million
Essential AI has raised new funding just months after its last cash infusion.
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Essential AI is raising $40 million in new funding, according to a person familiar with the deal, underscoring Silicon Valley’s frenzy to back promising young artificial intelligence companies.
The funding round for the secretive company comes just a few months after it raised $8 million in a deal led by Thrive Capital, according to PitchBook. Thrive is also an investor in Microsoft Corp.-backed OpenAI. The person, who asked not to be identified discussing private deal conversations, did not disclose Essential’s valuation.