intelligence360
  • SUBSCRIBE
  • About us
  • Video News Daily
  • Contact Us
  • Search Icon

intelligence360

The Intelligent News Source

Harmonic Announces Series A Funding Round To Accelerate Development of Mathematical Superintelligence

Harmonic Announces Series A Funding Round To Accelerate Development of Mathematical Superintelligence

October 14, 2024 Craig Etkin

September 23, 2024 02:53 PM Eastern Daylight Time

PALO ALTO, Calif.–(BUSINESS WIRE)–Harmonic, the artificial intelligence platform leading the development of Mathematical Superintelligence (MSI), announces a $75 million Series A funding round at a $325 million post-money valuation led by Sequoia Capital, with significant participation by Index Ventures and additional backing from Jasper Lau’s Era Funds, GreatPoint Ventures, DST Global partners, Nikesh Arora, and Jared Leto.

“We’re excited to partner with Sequoia, Index, and many other great investors to accelerate the advent of AI models that are accurate and truth-seeking.”Post this

This funding will fuel Harmonic’s rapid growth as the leader in developing MSI, the first AI with mathematical capabilities superior to that of humans.

MSI solves limitations commonly found in other AI systems by:

  1. eliminating hallucinations through its use of formal verification, and
  2. overcoming the data wall via self-play and synthetic data

Harmonic’s state-of-the-art mathematics model Aristotle achieves 90% on MiniF2F, the leading formal mathematics benchmark. Future applications include software engineering, industrial design and medical technology.

“We believe that mathematical superintelligence is the next frontier in AI,” said Vlad Tenev, Co-Founder and Executive Chairman of Harmonic. “We’re excited to partner with Sequoia, Index, and many other great investors to accelerate the advent of AI models that are accurate and truth-seeking.”

“The research community has begun to realize mathematics is one of the missing links to superintelligence,” said Tudor Achim, Co-Founder and CEO of Harmonic. “Harmonic is leading these developments while simultaneously solving limitations commonly found in other AI models. We’re grateful to our many partners who are helping fuel these advances.”

“We’re on the precipice of incredible change in the field of mathematics. AI will accelerate our mathematical capabilities and open a new field of applications for consumers, developers, and businesses. Harmonic is pioneering MSI and assembling an incredible team of researchers, engineers, and mathematicians working closely together on this important undertaking. We’re excited to partner with Tudor and Vlad and lead Harmonic’s Series A,” said Andrew Reed, Partner at Sequoia.

Sequoia partner Andrew Reed will join Harmonic’s board, and Index Ventures partner Jan Hammer will join as an observer.

About Harmonic

Harmonic, an artificial intelligence company founded in 2023, is backed by Robinhood CEO Vlad Tenev and led by CEO Tudor Achim. It is developing Mathematical Superintelligence (MSI), the next generation of artificial intelligence which is rooted in mathematics and which guarantees accuracy and eliminates hallucinations. The company is based in Palo Alto, California.

For more information about Harmonic, please visit: https://harmonic.fun

Contacts

Media
Amy Stevens
amy@goldinsolutions.com | 646-660-8652

(c)2024 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, California, Harmonic, Palo Alto, Venture Capital

Post navigation

NEXT
Northwest Independent School District to spend $32 Million to occupy 80,582 square feet of space in Fort Worth Texas.
PREVIOUS
HyperLight Accelerates Growth With $37M Funding Led by Summit Partners
Comments are closed.
Subscribe for FREE!

intelligence360

intelligence360
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

In a statement Tamera Fenske, chief supply chain officer at Kimberly-Clark said, “Our investment in Warren is a pivotal step forward in our North America business and strategy.” “By establishing a new, state-of-the-art manufacturing facility in Ohio, we’re enhancing our ability to serve millions of consumers across the Midwest and Northeast with greater speed, agility, and resilience. It’s a once-in-a-career opportunity to build a facility from the ground up that reflects the future of manufacturing, and with the support of local partners like JobsOhio, the Department of Development, Lake to River, Western Reserve Port Authority, and local governments, we have the unique opportunity to create high-quality jobs and long-term economic impact in the region.”

Based in Dallas and employing 46,000 people in 34 countries, the company’s portfolio of brands also includes Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll. Its products are sold in more than 175 countries and territories.
Load More... Subscribe

Categories

Recent Posts

  • QTS Data Centers to spend $147 Million to occupy 104,482 square feet of space in Irving Texas. June 11, 2025
  • JPMorgan Chase & Co. to spend $3 Million to occupy 20,000 square feet of space in San Antonio Texas. June 11, 2025
  • Udemy Secures $200 Million Revolving Credit Facility June 11, 2025
  • dataplor Raises $20.5M Series B to Scale Global Location Intelligence and Accelerate Product Growth June 11, 2025

Archives

© 2025   Copyright SI360 Inc. All Rights Reserved.