Flapping Airplanes raises $1B to make AI use less data and compute
Flapping Airplanes raised the $1B Series A with Index Ventures and Lux Capital as co-leads. Bloomberg reported a $6B valuation, four times the $1.5B valuation reported for its January seed.
By Ryan Merket · Published
Primary source: TechCrunch
Why it matters
Flapping Airplanes has raised $1.18 billion across two rounds to pursue AI efficiency research. Its next challenge is turning a technical thesis into measurable gains and technology customers can use.
Flapping Airplanes announced a $1 billion Series A on October 21st, nine months after its $180 million seed. The financing backs co-founders Ben Spector, Asher Spector and Aidan Smith as they pursue AI systems that use data and computing resources more efficiently.…
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