The $1.03 billion Seed Round raised last week by Yann LeCun’s Paris-based Advanced Machine Intelligence (AMI) was a European record. But a series of recent administrative filings by the company reveal additional details about this extraordinary round:
According to the latest filings, Advanced Machine Intelligence:
- Didn’t fully fill the round (~94%), but most likely for technical reasons
- Closed the fundraising in just 2.5 weeks
- Gave investors standard protections
- Maintained strong founder control despite the massive size of the round
The full breakdown below walks through the filings, explains the structure, the risks, the trade-offs, and how this sets the company up going forward.
As a reminder, you can follow AMI via our AMI tracker. We surfaced 67 investors in AMI’s Seed Round (so far!. Sign up to receive weekly updates on the company’s latest filings, news, hirings, and other developments.
