Unity and NVIDIA Investment Group Join Emulate's $700 Million Funding Round
TechFlow: On November 11, according to an exclusive report by Sifted, game engine company Unity and Nvidia’s investment arm NVentures have joined the approximately $700 million funding round for UK-based AI startup Emulate.
Founded in August this year by several former Google DeepMind researchers and registered in the UK, Emulate’s founders include Jack Parker-Holder, Matthew McGill, and others. The company focuses on "world models," which learn the principles of the physical world from video and interactive data to train agents capable of operating in real-world environments.
Previously, in September, the Financial Times reported that Emulate planned to raise up to $700 million at a valuation of approximately $3.7 billion; Bloomberg and PYMNTS subsequently stated that its valuation reached nearly $4 billion just one month after its founding. Sifted noted that Unity and NVentures are the latest investors to join, but did not disclose the specific amounts each contributed.