Ineffable Intelligence launches with record-breaking $1.1B Seed round

Startup Ineffable Intelligence has just come out of stealth.

The company, with a mission to make first contact with superintelligence, has raised $1.1 billion in Seed funding, the largest ever in Europe, at a valuation of $5.1 billion, according to the company.

Ineffable Intelligence is using  Reinforcement Learning to create a “superlearner” that can endlessly discover knowledge and skills without relying on human data.

The company was founded by David Silver, the former lead of the reinforcement learning team at DeepMind, and is a professor at University College London.

Silver is committing to giving away 100% per cent of the money he makes from his Ineffable equity via Founders Pledge - the biggest pledge in their history, and it is likely to amount to multiple billions. 

According to a statement by Silver on the company’s website: 

"The world needs a place where the full ambition of the reinforcement learning paradigm can flourish. A place where the deep question of intelligence is faced head-on: how to discover new knowledge.

The world needs a place where the full ambition of the reinforcement learning paradigm can flourish. A place where the deep question of intelligence is faced head on: how to discover new knowledge from experience in the environment.

I have a unique opportunity to build this place, using my leadership, vision, track record, and the strength of my team."

The fundraise is  co-led by Sequoia (Alfred Lin & Sonya Huang) and Lightspeed (Ravi Mhatre, Raviraj Jain), with participation from NVIDIA, DST Global, Index, Google, Flying Fish Ventures, EQT Ventures, Evantic Capital, UK Wellcome Trust, BOND Capital, The British Business Bank, and the UK’s Sovereign AI Fund, plus strategic angels.