Standard Intelligence raises $75 million at $500 million valuation
Updated
Updated · The Information · Apr 30
Standard Intelligence raises $75 million at $500 million valuation
2 articles · Updated · The Information · Apr 30
Sequoia Capital and Spark Capital led the round for the two-year-old San Francisco startup, whose founders are 20 and 21 and recently enlisted Andrej Karpathy as an adviser.
The company says its FDM-1 computer-use model, trained mainly on 11 million hours of videos of people using computers, can perform tasks including testing websites, deleting spam and even steering a Toyota RAV4.
Standard Intelligence said the funding will support a next-generation model using 10,000 times more computing power, after its late-2024 seed round raised about $5 million at a $30 million valuation.
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