Core Automation Seeks Up to $500 Million at $4 Billion Valuation
aiai-fundraising 2 posts · 2 accounts
Core Automation, an AI model builder founded in March by Jerry Tworek, is seeking to raise $300 million to $500 million at a $4 billion valuation, The Information reported.
The fundraising effort would come weeks after the startup raised $100 million at a $1 billion valuation, indicating a sharp increase in its pricing for a follow-on round.
From the sources (2 posts)
@steph_palazzoloBack to back rounds are continuing in neolab land! Latest example: Jerry Tworek’s Core Automation raising at a $4b valuation weeks after raising at $1b w/ @julia_hornstein
@techmemeSources: AI model builder Core Automation, founded in March by Jerry Tworek, aims to raise $300M-$500M at a $4B valuation after raising $100M at a $1B valuation (The Information) (Visit Techmeme dot com for the link and full context!)