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Ex-Meta Executive Raises Funds for AI Startup Flourish at $2.5B Valuation

GateNews
AI Industry News
According to Bloomberg, Thomas Reardon, former Meta executive who led work on Meta's Neural Band, is raising funds for Flourish, a new AI startup focused on low-power AI systems. Lux Capital and Google Ventures have agreed to be major investors, with backers already committing $500 million at a $2.5 billion valuation. The valuation could reach $3.5 billion as funding talks continue.
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