September 04, 2024
Safe Superintelligence (SSI), co-founded by Ilya Sutskever, formerly of OpenAI, has secured $1 billion to develop advanced AI systems that exceed human capabilities. With a team of 10, SSI will use the funds to enhance computing power and recruit top talent, focusing on a trusted group of researchers and engineers based in Palo Alto, California, and Tel Aviv, Israel.
Project | Latest Raise | Latest Raise Date | Lead Investor | Category |
|---|---|---|---|---|
Safe Superintelligence | $1B | September 4, 2024 | NFDG, a16z, Sequoia, DST Global | AI, Research |
Although the company did not disclose its valuation, sources estimate it at $5 billion. This significant investment highlights continued investor confidence in exceptional talent working on foundational AI research, despite a general decline in interest due to the long-term unprofitability of such ventures.
Investors include prominent venture capital firms like Andreessen Horowitz, Sequoia Capital, DST Global, and SV Angel, along with NFDG, an investment partnership led by Nat Friedman and SSI’s CEO Daniel Gross. Gross emphasized the importance of having supportive investors who understand their mission to develop safe superintelligence, with a focus on R&D before market release.
About Safe Superintelligence
Safe Superintelligence Inc. (SSI) is a company focused on creating advanced AI systems that are safe and surpass human capabilities. Co-founded by Ilya Sutskever, formerly of OpenAI, SSI has raised $1 billion to support its mission. The company operates with a small, highly trusted team of researchers and engineers based in Palo Alto, California, and Tel Aviv, Israel. Their goal is to develop a single product: a safe superintelligence.
Website: https://ssi.inc/
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About Investor
Investors include prominent venture capital firms like Andreessen Horowitz, Sequoia Capital, DST Global, and SV Angel, along with NFDG, an investment partnership led by Nat Friedman and SSI’s CEO Daniel Gross
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