AI startup Lila Sciences raised an additional $115 million in funding from investors including Nvidia's venture arm, lifting its valuation to more than $1.3 billion, reported Reuters. The company announced this $115 million as the conclusion of their $350M Series A with participation from Braidwell and Collective Global, NVentures (NVIDIA’s venture capital arm), Analog Devices (as part of Flagship’s existing partnership), IQT, Dauntless Ventures, Catalio Capital Management, Pennant Investors, a group of investors from the Peter Diamandis’ Abundance Membership, Flagship Pioneering (where Lila originated), Altitude Life Science Ventures, Alumni Ventures, ARK Venture Fund, Common Metal, Dara Holdings, General Catalyst, March Capital, the Mathers Foundation, Modi Ventures, NGS Super, and the State of Michigan Retirement System, a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA).
In total Lila Sciences has raised $550 million since its 2022 founding and claims to have "more than $2T in assets under management—with primary beneficiaries that include retirement systems, teachers, working parents, their families, and institutions building technologies that improve lives."
As reported by Yahoo, Lila recently signed a 235,500-square-foot lab lease in Cambridge, Massachusetts — one of the year’s largest in Greater Boston — to accelerate development of its “AI Science Factories,” where AI-controlled robots run continuous experiments.
Photo credit, lila.ai