Startup Named 'Ineffable Intelligence' Raises $1.1 Billion Without Anyone Being Able to Define 'Ineffable' Twice the Same Way
LONDON — A London-based artificial intelligence startup called Ineffable Intelligence announced Monday it has secured $1.1 billion in seed funding at a $5.1 billion valuation, in what investors are calling “a defining moment for the field” and also, quietly, “a lot of money for a company with no product.”
The round was led by Sequoia Capital and Lightspeed Venture Partners. Both firms issued statements praising the company’s “vision,” “ambition,” and “fundamental approach to the science of intelligence.” When asked to be more specific, both firms said they would follow up by email and have not yet done so.