Ilya Sutskever's Safe Superintelligence Startup Nears $1B Funding

Safe Superintelligence: Funding and Valuation Surge

Safe Superintelligence, an artificial intelligence startup established by Ilya Sutskever – previously the chief scientist at OpenAI – is reportedly nearing a funding round exceeding $1 billion. This would value the company at $30 billion, representing an increase over recent valuation estimates.

Investment Details

According to reports from Bloomberg, Greenoaks Capital Partners is spearheading this investment, committing to a substantial $500 million. If the terms remain consistent, this fundraising effort will elevate Safe Superintelligence’s total capital raised to approximately $2 billion.

Founder's Reputation

Ilya Sutskever is a highly regarded figure within the AI community and the broader technology sector. His contributions at OpenAI were pivotal in achieving significant advancements in artificial intelligence.

Specifically, he is recognized for developing the technical foundations that enabled the creation of ChatGPT.

Founding Team and Backers

Beyond Sutskever, Safe Superintelligence’s founding team includes Daniel Levy, a former researcher at OpenAI, and Daniel Gross, who previously led AI initiatives at Apple.

The company has already secured funding from prominent venture capital firms, including:

• Sequoia Capital
• Andreessen Horowitz
• DST Global

Business Model

Currently, Safe Superintelligence is not generating any revenue. Furthermore, the company has no immediate plans to commercialize or sell AI-based products.

The focus remains on research and development, prioritizing the creation of safe and beneficial superintelligence.