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Start-ups – Silicon Republic

Bloomberg: UK AI chips start-up Fractile could raise $600m AI chip start-up Etched raises $700m at $21bn valuation Gravis Robotics a Swiss unicorn after $200m raise Nvidia-backed CodeRabbit valued at $1.5bn after $143m funding round Sweden's Lovable valued at $13.3bn with Scaleup Europe Fund backing Coding start-up Cognition eyes $40bn valuation in new round - Bloomberg Irish co-founded legal-tech Wordsmith extends Series B to $84m Top Google minds quit to build AI that accelerates research AI cloud start-up Volta valued at $2.4bn, inks $10bn Anthropic deal Derry tech founder wins £75k Innovate UK Women in Innovation Award Finnish space-tech Iceye bags €300m from Scaleup Europe Fund EU’s $5bn Scaleup Europe Fund to begin backing companies Irish co-founded crop science start-up Wild Bio acquires F1 Seed FT: Germany’s The Exploration Company eyes $2bn valuation Irish co-founded agritech start-up Moa closes £22.2m Series C round Spain's Multiverse Computing raises $570m at $1.7bn valuation Samsung in talks to back France's Mistral at €20bn valuation - FT UK-based Humanoid secures $152m Series A funding Cambridge's CuspAI launches AI Materials Foundry, confirms $450m raise European start-ups have best quarter in four years, finds Crunchbase Munich-based fusion energy start-up Proxima raises €411m Limerick operations AI start-up WrxFlo raises €3m Jentic, Spryt, MenoPal among eight KPMG Global Tech Innovator nominees Dublin’s Everhaze secures €450k as AI assistant Lú launches in UK Dublin’s Pilot Photonics wins €10.4m EIC backing for photonic chip scale-up Open AI’s Sarah Friar among backers of Tapestry VC’s new ‘repeat founder’ $80m Fund III Cork medtech NeuroBell bags $5.5m for its AI neonatal monitor CroíValve adds $20m to Series B, taking round to $36m Irish space-tech Ubotica raises $11m to scale AI marine monitoring Ireland's TensorX bags €8m to build sovereign AI infrastructure
David Silver's Ineffable Intelligence raises $1.1bn
Tim Barnwell · 2026-04-28 · via Start-ups – Silicon Republic

David Silver. Image: Ben Peter Catchpole

The young start-up said it would be ‘assembling the best engineers and researchers in the world to make first contact with superintelligence’.

Ineffable Intelligence, a UK-based AI start-up building a ‘superintelligence’ platform and founded by former Google DeepMind researcher and AI guru David Silver, has raised $1.1bn in a seed funding round.

Sequoia Capital and Lightspeed led the funding – which Ineffable said was Europe’s largest ever seed round and put the company at a $5.1bn valuation – with participation from Google, Nvidia and the UK government, among others.

In a LinkedIn post, the young start-up said it would be “assembling the best engineers and researchers in the world to make first contact with superintelligence” and “solving the hardest problems in AI on the way”.

According to Ineffable’s mission statement, its goal is to build a “superlearning capability” for an AI system with the “ability to endlessly discover knowledge and skills, without relying on human data”, by using “the world’s most powerful reinforcement learning algorithms”.

The UK government said it was backing the prospect of “algorithms that can learn for themselves and uncover new knowledge, rather than simply copying what humans already know”, through its Sovereign AI fund alongside the British Business Bank.

It described Silver, a professor at University College London, as “one of the most influential figures in modern AI”. UK science and technology secretary Liz Kendall said the investment in Ineffable “will support a company at the very frontier of AI, with the potential to transform entire sectors”.

Silver is considered a leading authority in reinforcement learning, a foundational aspect of AI technologies.

“David Silver is a generational talent who has consistently been on the cutting edge of AI development,” said Charlotte Lawrence, managing director of direct equity at the British Business Bank.

“Ineffable Intelligence has the potential to produce a paradigm shift in our scientific and technology landscape, and we are incredibly excited to be supporting him and his team in this endeavour.”

Tech giants such as Meta are also involved in the superintelligence development race, while that company’s former AI chief Yann LeCun recently raised more than $1bn in seed funding for his own AI start-up, Advanced Machine Intelligence, at a $3.5bn valuation.

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