Ineffable Intelligence, a British AI lab founded a mere few months ago by former DeepMind researcher David Silver, has raised $1.1 billion in funding at a valuation of $5.1 billion.
The fundraise is the first major capital raise under Sequoia's new leadership, with Alfred Lin and Pat Grady now serving as co-stewards of the 54-year-old firm.
Peak XV says most of its new capital will target India as the firm prioritizes AI, fintech and cross-border bets while navigating recent partner departures.