Harvard’s Kreiman Seeks $100 Million To Build AI Memory Tech....
Harvard University is in talks with investors to raise funds to pursue a mission for “a world where humans can remember everything.”
A new artificial intelligence lab spun out of Harvard University is in talks with investors to raise about $100 million, according to people familiar with the matter, to pursue a mission that sounds like science fiction: “a world where humans can remember everything.”
Engramme, which launched out of stealth mode last month, is helmed by former Harvard Medical School professor Gabriel Kreiman, whose research has focused on the intersection of AI and neuroscience. His co-founder is Harvard Ph.D. Spandan Madan.
Prospective investors have discussed valuing the company at as much as $1 billion, said one of the people familiar with the talks. Engramme declined to comment for this story.
The talks are still early and the terms of the deal could change, said the people, who asked not to be identified discussing private information.
In a LinkedIn post about the new company, Kreiman wrote that the startup is building “large memory models” to access data across a person’s digital life and will be able to surface relevant information automatically, without user prompting.
Engramme, with its big ambitions and research-focused approach, is part of a growing class of so-called neolabs in Silicon Valley attracting investor attention. For example, Periodic Labs, started last year by former OpenAI and Google DeepMind staffers, has had discussions to raise hundreds of millions of dollars in new capital at a $7 billion valuation to pursue scientific discoveries in materials science. And former Meta research lead Yann LeCun raised $1 billion for his own neolab last month.
