.
MergerLinks Header Logo

New Deal


Announced

Completed

EQT Ventures led a $50m Series B funding round in Hume AI.

Financials

Edit Data
Transaction Value£39m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Acquisition

Cross Border

AI toolkit

Software

United States

Completed

Minority

Friendly

Venture Capital

Single Bidder

Private

Private Equity

Synopsis

Edit

EQT Ventures, an European VC fund firm, led a $50m Series B funding round in Hume AI, a startup and research lab building artificial intelligence optimized for human well-being, with participation from Union Square Ventures, Nat Friedman & Daniel Gross, Metaplanet, Northwell Holdings, Comcast Ventures, and LG Technology Ventures. “The main limitation of current AI systems is that they’re guided by superficial human ratings and instructions, which are error-prone and fail to tap into AI’s vast potential to come up with new ways to make people happy. By building AI that learns directly from proxies of human happiness, we’re effectively teaching it to reconstruct human preferences from first principles and then update that knowledge with every new person it talks to and every new application it’s embedded in,” Alan Cowen, Hume AI Founder.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US