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Isomorphic Labs in talks to raise about $5 billion, sources tell Bloomberg
Techmeme highlighted a Bloomberg report that Alphabet's Isomorphic Labs is in talks to raise about $5 billion at a roughly $50 billion valuation, people familiar with the matter said.
Techmeme, summarizing Bloomberg, said Alphabet Inc.'s Isomorphic Labs is in talks to raise about $5 billion, according to people familiar with the matter1.
The same people said the round would value Isomorphic, described as a Google DeepMind spinout, at about $50 billion1. They spoke on condition of anonymity because the information is not public, Bloomberg reported via Techmeme1.
The financing has not closed and the terms could still change, Bloomberg said1. Techmeme's headline said the AI drug-discovery startup last raised $2.1 billion in May1.
The Bloomberg article itself was not independently readable for this filing, so the account rests on Techmeme's summary1. Named investors and any on-record company comment were not in the item1.
Whether the talks close, at what valuation, and who would lead the round remain unknown1.
