Ineffable Intelligence launched from stealth and raised 1.1 billion USD in Seed funding, described as the largest ever in Europe, at a valuation of 5.1 billion USD according to the company. The round was co-led by Sequoia and Lightspeed, with participation from NVIDIA, DST Global, Index, Google, Flying Fish Ventures, EQT Ventures, Evantic Capital, UK Wellcome Trust, BOND Capital, The British Business Bank, the UK’s Sovereign AI Fund, and strategic angels. The company is founded by former DeepMind leader David Silver.