Ineffable Intelligence exits stealth with $1.1B seed at $5.1B valuation

David Silver's London-based AI lab Ineffable Intelligence emerged from stealth with a $1.1B seed at a $5.1B post-money valuation — the largest seed round ever raised by a European startup. The round is co-led by Sequoia and Lightspeed with NVIDIA, Google, Index, DST Global, BOND, EQT, the British Business Bank and the UK's Sovereign AI Unit participating. Ineffable is pitching a 'new generation of algorithms that learn through experience.'