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Exclusive: NEA led a $100M round into Fei-Fei Li's new AI startup, now valued at over $1B

Aug 15, 2024 - news.bensbites.com
World Labs, a startup founded by Stanford University AI professor Fei-Fei Li, has secured two rounds of funding within two months, with the latest round led by NEA valuing the company at over $1 billion. The company, which went from founding to unicorn status in four months, is developing AI models that can accurately estimate the three-dimensional physicality of real-world objects and environments, potentially revolutionizing data collection for autonomous vehicles and other applications.

Investors in the first round included Andreessen Horowitz and Canadian firm Radical Ventures. Despite the businesses being unproven, investors continue to place large bets on AI startups founded by prominent AI scientists. World Labs' models, once available, could be used in gaming and robotics applications. Fei-Fei Li, also known as the "Godmother of AI", is known for her work on ImageNet and is currently on partial leave from her role as co-director of Stanford’s Human-Centered AI Institute until December 2025.

Key takeaways:

  • World Labs, a startup founded by Stanford University AI professor Fei-Fei Li, has raised two rounds of financing in two months, valuing the company at over $1 billion.
  • The company is working on building AI models that can accurately estimate the three-dimensional physicality of real-world objects and environments, which can be used in gaming and robotics applications.
  • Investors in the first round included Andreessen Horowitz and Canadian firm Radical Ventures, where Li is a scientific partner.
  • Fei-Fei Li, also known as the “Godmother of AI,” is best known for her work on ImageNet, a dataset that revolutionized computer vision. She is currently on partial leave until December 2025 from her role as co-director of Stanford’s Human-Centered AI Institute.
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