UK AI Startup Ineffable Secures Record $1.1 Billion Seed Funding

London - UK AI startup Ineffable Intelligence has secured a record $1.1 billion in seed financing, marking Europe's largest such round to date. The company was founded by David Silver, a former DeepMind researcher.

Leading the investment were U.S. venture capital firms Sequoia Capital and Lightspeed, with support from the British government. Nvidia and Google also participated in the round, valuing Ineffable at $5.1 billion.

The British government's Sovereign AI initiative and the British Business Bank are co-investing to bolster domestic AI capabilities amid global competition.

Ineffable aims to develop a "superlearner" AI capable of discovering knowledge through experience, advancing from basic skills to complex breakthroughs without human-generated data.

Technology minister Liz Kendall stated the investment backs innovators at the forefront of AI, with potential to transform multiple sectors.