Mustafa Suleiman is the co-founder of Deepmind
Deepmind co-founder Mustafa Suleiman and LinkedIn co-founder Reed Hoffman’s new artificial intelligence start-up Inflation AI have secured $ 225 million in funding, according to a filing with the US Securities and Exchange Commission last week.
The fund, first reported by TechCrunch, was raised in an undisclosed valuation and it is not clear who the investors are at this stage. Perhaps a large portion of the funds will be used to hire AI specialists who can order higher salaries. Inflection did not immediately respond to a CNBC request for comment.
The company, founded earlier this year, wants to create AI software products that make it easier for people to communicate with computers.
“If you think about the history of computing, we’ve always tried to minimize the complexity of our ideas so that they can be communicated on a single machine,” Suleiman told CNBC during a launch in March. “Even when we write a search query, we’re simplifying, we’re reducing, or we’re shortening so that search engines understand what we want.”
When people want to control a computer, they need to learn a programming language to give instructions, he added, or use a mouse to navigate and engage with things on the screen. “All of this is because we simplify our ideas and reduce their complexity and in some ways get a machine to do something about their creativity and their uniqueness,” Suleiman said.
The British entrepreneur says he will look to create a new suite of inflection technology that will eventually enable anyone to speak in simple language with a computer. It is unclear at this stage what the final products will look like, how much they will cost or who will be targeted.
When the company was launched, only three team members were named: Suleiman, Hoffman, and Karen Simonian, a former Deepmind researcher. However, others have now joined the fold.
In March, Heinrich Kutler relinquished his role of research engineering manager at Meta AI in London to become a member of Inflation’s founding team, working on the business side of the business, according to his LinkedIn page. Elsewhere, Joe Fenton relinquished his role of senior product manager at Google in February to work on business products.
Marten Bosma and Reon Child, two former Google brain researchers, recently joined the position, according to LinkedIn, which says they came on board in April.
Inflation venture capital firm is being “incubated” by Graelek Ventures, where Suleiman and Hoffman are partners. Grelllock told CNBC in March that it was investing in inflation but declined to say how much.
Inflation is one of several new AI start-ups that have focused their efforts on helping machines understand human language. Others, which have recently been founded by enlightened people in the field, include Adept and Kohr.