AI startup Periodic Labs secures $200 million in funding led by a16z

According to Jinse Finance, Periodic Labs, founded by former OpenAI Vice President of Research Liam Fedus and former DeepMind Research Scientist Ekin Dogus Cubuk, has completed a $200 million funding round, bringing its post-investment valuation to $1 billion. The company focuses on leveraging artificial intelligence technology for new materials research and discovery. This round was led by Andreessen Horowitz, and OpenAI is also expected to participate.