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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 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 Paris-based AI company Tsuga raises $35m in Series A funding
Top Google minds quit to build AI that accelerates research
Suhasini Srinivasaragavan · 2026-08-06 · via Start-ups – Silicon Republic

From left: Oriol Vinyals, Sanjay Ghemawat, Jeff Dean and Quoc Le.

Discovery Loop wants to advance the pace of scientific discovery using AI to address issues across domains.

Chief scientist Jeff Dean is leaving Google after a 27 year-long stint to start a new company called Discovery Loop that wants to accelerate research using AI.

Alphabet and Radical Ventures are backing the business as founding investors alongside funding from Khosla Ventures.

The founding team at Discovery Loop also includes Dean’s other departing colleagues; senior fellow Sanjay Ghemawat, research vice-president at DeepMind Oriol Vinyals and research scientist Quoc Le.

Together, they have helped develop multiple generations of core Google products, including Search, Ads, Translate, Tensor Processing Units, DeepMind’s life sciences model AlphaFold and Gemini AI among several more technologies, and represent three of the most-cited AI researchers.

The four want to begin by focusing on automating the process of machine learning (ML) research and engineering. “Historically, scientific progress has relied on these sequential human iterations. In many domains, this process remains incredibly slow and labour-intensive,” Discovery Loop’s website reads.

“By advancing the pace at which we conduct engineering and scientific discovery, we can bring the benefits of science and technology to the world much faster.

“Ultimately, our goal is to build AI systems that act as a deeply positive, empowering force for humanity, delivering technology solutions that improve people’s lives on a global scale.”

It plans to experiment the technology on its own systems before expanding into other scientific domains, with the hopes of developing AI systems capable of drug development or addressing environmental crises.

“Jeff and Sanjay helped to drive some of the most significant technology transitions, from our early search infrastructure to the neural networks that helped create the modern AI era,” said Google CEO Sundar Pichai.

“We’ll continue to work with them as a founding investor and cloud partner, and collaborate on a research framework for ML systems and related infrastructure advances.” Alphabet stocks dipped more than 4pc at market close yesterday (5 August).

The departures mark a continuation of a years-long shakeup in the tech industry, with top minds from Meta, Amazon, Apple, Arm, and more, exchanging hands or launching their own R&D-focused AI ventures.

For Google, the latest exits comes after parent company Alphabet posted a better-than-expected revenue of $119.8bn driven by an 82pc growth in its cloud business.

The company’s big budget expenses seem to be working, according to Pichai, who told investors at last month’s earnings call that 90pc of Fortune 100 companies use Gemini Enterprise. The Gemini App now has more than 950m monthly users.

The company announced a further $15bn in capital expenditures for the year on the heels of its successful quarter. CNBC reported that Google is investing more than almost any company in the world in data centres, chips and related infrastructure.

Alphabet had initially announced a 2026 capex of up to $185bn, doubling expenses since last year to meet customer demand. This number was revised to $190 in April, before estimations were further raised to now hit $205bn.

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