AI Startup Emulate Nears $4 Billion Valuation, Plans $700 Million Funding Round

AI startup Emulate, founded by former DeepMind researchers, has reached a valuation of nearly $4 billion just one month after its inception. The company is currently in advanced negotiations to raise up to $700 million, which would bring its post-money valuation to $3.7 billion. The funding round is co-led by Index Ventures and Lightspeed Venture Partners.