Stanford Professor Fei-Fei Li, considered by many to be the “godmother of AI,” has raised $230 million for her new startup, World Labs, from backers including Andreessen Horowitz, NEA, and Radical Ventures.
World Labs is valued at over $1 billion and the money was raised in two funding rounds, several months apart, TechCrunch reported in August.
Li's company hopes to have its first product ready in 2025, and aims to build AI models that understand and interact with 3D worlds. WorldLab is developing “large-scale world models” to be used by professionals, including artists, designers, developers and engineers. Martin Casado, a general partner at Andreessen Horowitz, told Wired that WorldLab's clients could include gaming companies and movie studios.