Flapping Airplanes AI Startup Secures $1B Funding at $6B Valuation, Quadrupling Value in Months
Flapping Airplanes, a year-old AI research lab, raised $1 billion at a $6 billion valuation led by Index Ventures and Lux Capital. The San Francisco startup, backed by Nvidia and Sequoia, aims to train AI models with less data and computing power while improving chip efficiency—despite having no product yet.