Sakana AI to Raise $70 Million in Series A, Valued at $1.5 Billion

Sep 17, 2024, 08:03 AM

Sakana AI, a rapidly growing startup in Japan, is set to raise $70 million from major Japanese banks and manufacturers. The company, which is backed by Nvidia, has achieved a valuation of $1.5 billion just 14 months after its launch. Key investors include Japan's three megabanks: MUFG, SMBC, and Mizuho. This funding round, part of their Series A, marks a significant milestone for Sakana AI as it continues to expand its influence in the AI sector with strategic investors.