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New Deal


Announced

Completed

Astera Institute, NVIDIA, Kyle Vogt and Simon Last completed the $200m Series B round in Imbue.

Financials

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Transaction Value£159m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Acquisition

United States

research company

Data Centers and Hosting

Domestic

Minority

Completed

Single Bidder

Friendly

Synopsis

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Astera Institute, a research services company, NVIDIA, a multinational technology company, Kyle Vogt, a Cruise CEO, and Simon Last, a Notion Co-Founder, completed the $200m Series B round in Imbue, a developer of AI systems. "This latest funding will accelerate our development of AI systems that can reason and code, so they can help us accomplish larger goals in the world. Our goal remains the same: to build practical AI agents that can accomplish larger goals and safely work for us in the real world. To do this, we train foundation models optimized for reasoning. Today, we apply our models to develop agents that we can find useful internally, starting with agents that code. Ultimately, we hope to release systems that enable anyone to build robust, custom AI agents that put the productive power of AI at everyone’s fingertips," Imbue.

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