Emulate, One-Month-Old UK AI Startup From Ex-DeepMind Researchers, in Talks for $700M at $3.7B

UK-based Emulate, founded roughly a month ago by former Google DeepMind researchers, is in advanced talks to raise up to $700M at a $3.7B valuation, per FT sources. The round is described as co-led by Index Ventures and Lightspeed Venture Partners, and would place Emulate among the fastest-scaling frontier-lab spinouts of the year. Terms have not yet been signed and could still shift.