Amnon Shashua's A21 Labs raises $20 million from Walden Catalyst at $400 million valuation
Walden also announced the closing of its inaugural $550 million fund focused on deep-tech investments which has made six investments to date, including in Israeli startup Speedata
Meir Orbach | 15:00 01.11.2021
Walden Catalyst, an early-stage venture capital firm dedicated to deep-tech investments, announced on Monday that it has invested $20 million in Israeli artificial intelligence startup A21 Labs founded by Prof. Yoav Shoham, Ori Goshen, and Prof. Amnon Shashua. The company had previously raised $34.5 million, with serial entrepreneurs Shashua and Shoham also participating in all the investment rounds. AI21 Labs' R&D team develops comprehensive language models. A language model is a computerized array that, through machine learning, can create clear text based on the words provided to it. One of the models developed by the company is Jurrasic-1, which uses more data than other models, about 250,000 syllables and words and 178 billion computational parameters.