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Flapping Airplanes raises $1 billion in Series A round

Startup Flapping Airplanes, founded by Aidan Smith and brothers Asher and Ben Spector, announced a Series A funding round of $1 billion. Investors valued the company at $6 billion, quadrupling its previous valuation from the seed round.

Field
business and funding
What they did
Startup Flapping Airplanes, which focuses on finding ways to train large models with less data, raised $1 billion in a Series A funding round.
Why it matters
This funding increased the company's valuation from $1.5 billion to $6 billion just nine months after its launch.
#flapping airplanes#ai#funding#valuation#silicon valley

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