Safe Superintelligence (SSI), a San Francisco, CA-based newly founded AI company, has raised $1 billion in funding.
Investors
Backed by top investors like Andreessen Horowitz, Sequoia Capital, DST Global, and SV Angel.
Andreessen Horowitz (a16z) is a venture capital firm that backs bold entrepreneurs who are building the future through technology. The firm invests in companies from seed to growth stages across various sectors, including AI, bio + healthcare, consumer, crypto, enterprise, fintech, games, infrastructure, and American dynamism. a16z manages $43B in assets across multiple funds.
Sequoia Capital, headquartered in Menlo Park, California, is a venture capital firm specializing in seed-stage, early-stage, and growth-stage investments across technology sectors, helping founders build legendary companies from inception to IPO and beyond.
Founded in 2009, DST Global is a venture capital firm based in Grand Cayman, Cayman Islands. The firm has offices in Menlo Park, New York, London, Beijing and Hong Kong. The firm seeks to invest in information technology, mobile, internet of things & e-commerce sectors.
SV Angel is an angel group based in San Francisco, California. They help startups with business development, financing, M&A, and other strategic advice. Founded in 1992, the firm prefers to invest in the software-focused consumer and enterprise sectors across the United States.
SSI Use of Funds
The company will use the funding to develop advanced AI systems, with plans to acquire computing power and hire top talent.
About SSI
Founded by Daniel Gross, Ilya Sutskever, and Daniel Levy, Safe Superintelligence (SSI) focuses on developing advanced, safe artificial intelligence systems. The company aims to create AI that surpasses human capabilities while ensuring it operates safely and aligns with human values. SSI operates in Palo Alto, California, and Tel Aviv, Israel.
Funding Details
Company: Safe Superintelligence, Inc.
Raised: $1.0B
Round: Undisclosed
Funding Date: September 2024
Investors: Andreessen Horowitz, Sequoia Capital, DST Global, SV Angel
Company Website: https://ssi.inc/
Software Category: Safe AI Systems
Source: https://www.reuters.com/technology/artificial-intelligence/openai-co-founder-sutskevers-new-safety-focused-ai-startup-ssi-raises-1-billion-2024-09-04/