Sources: Naveen Rao’s new AI hardware startup targets $5B valuation with backing from a16z
Naveen Rao, who was formerly the head of artificial intelligence at Databricks, is in talks to raise $1 billion at a $5 billion valuation for a new startup, called Unconventional, Inc., that’s building a new type of computer, according to four people familiar with discussions. Andreessen Horowitz has agreed to lead the investment, and Lightspeed … Read more