AI chip startup Ricursive has reached $4 billion valuation two months after launch

Ricursive Intelligence, a startup that builds an AI system to automatically design and optimize AI chips, has raised $300 million at a $4 billion valuation. The company said on Monday The tour was led By Lightspeed.

Ricursive says the system will be able to create its own silicon substrate and accelerate AI chip improvements. Rinse and repeat to reach AGI, say the founders.

The Series A comes just two months after the company officially launched with a seed investment led by Sequoia. It raised $335 million, The New York Times reports.

Ricursive was founded by former Google Scholar CEO Anna Goldie and CTO Azalea Merhosini. Their work on a new reinforcement learning method for designing chip layouts, It’s called Alpha ChipThe startup says it has been used in four generations of Google’s TPU chips.

DST Global, NVentures, the venture capital arm of NVIDIA, Felicis Ventures, 49 Palms Ventures, and Radical AI are also investors.

Ricursive should not be confused with the startup of the same name Recursive, which was reportedly founded by Richard Sucher, a well-known researcher in the field of natural language processing. Recursive is also in talks to raise a $4 billion mega round, Bloomberg reported Last week. It is also working on artificial intelligence systems that improve themselves.

These two companies are not the only startups working on this concept. As TechCrunch previously reportedNaveen Rao’s new AI hardware startup, Unconventional AI, is also working on a smart substrate. In December, it raised a $475 million seed round at a $4.5 billion valuation led by Andreessen Horowitz and Lightspeed Ventures, with participation from Lux Capital and DCVC.