A London-based AI startup founded by a former DeepMind researcher has closed a $1.1 billion seed round — the largest seed raise in European history — at a $5.1 billion valuation. Sequoia Capital and Lightspeed led the round, with Nvidia also participating as a key backer. The funding is earmarked for AI research and development.
Nvidia's participation signals continued enterprise demand for AI compute infrastructure, reinforcing its position as the picks-and-shovels play in the AI buildout. For investors, this is further evidence that private AI capital formation remains intense — keeping pressure on public AI-adjacent names to justify their own valuations. Sequoia's involvement also suggests top-tier venture conviction that frontier AI research is still in early innings.
Watch for Nvidia's next earnings call (scheduled late May 2025) for commentary on AI infrastructure demand. Monitor any public filing or announcement from the startup regarding product launches or additional funding tranches.
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