Flapping Airplanes has filed a notice of an exempt offering of securities to raise $180,451,978.00 in New Funding.
According to filings with the U.S. Securities and Exchange Commission, Flapping Airplanes is raising up to $180,451,978.00 in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.
About Flapping Airplanes
We imagine a world where models can think at the level of humans without ingesting half the internet. The proof that this is possible is all around us: whereas current systems are trained on essentially all of accessible history, humans exceed AI capabilities despite seeing at most a few billion text tokens by adulthood. We estimate that humans are 100,000x-1,000,000x more sample efficient than existing models.1 To achieve such large gains, however, we cant merely tweak existing techniqueswe need big ideas. Flapping Airplanes is a foundational AI research lab devoted to solving the data efficiency problem. We are not focused on one specific technical idea or vertical; we’re taking a long-term view and pursuing radical new approaches. We have the resources and the will to do so. Our singular focus is doing good, paradigm-shifting research. While we are not currently trying to commercialize, our work will ultimately unlock enormous value in enterprise settings, robotics, trading, scientific discovery, and much more. Flapping Airplanes is a metaphor, but it also embodies our culture. Just like our name is out-of-distribution, we are working with some of the most talented researchers who think in out-of-distribution ways. Our team blends world-class research scientists with younger researchers who are already the best at what they do (our team includes IMO, IOI, IPhO medalists and more). We are backed by Google Ventures, Sequoia Capital, and Index Ventures with participation from friends at XTX Ventures, Fundomo, Menlo Ventures, Victor Lazarte, Nova Global, Conviction, and others. Our angels and advisors include Chris Re, Andrej Karpathy, Jeff Dean, and more. So far, we have raised $180M.
To learn more about Flapping Airplanes, visit https://flappingairplanes.com/
Flapping Airplanes Linkedin Page: https://www.linkedin.com/company/flapping-airplanes/
Contact:
Benjamin Spector, Chief Executive Officer
202-815-7826
https://www.linkedin.com/in/benjamin-s-8b0747b6/
SOURCE: http://www.intelligence360.io
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