Former DeepMind world-model researchers’ startup Emulate in talks to raise $700M

Emulate, a UK AI startup founded by former DeepMind world-model researchers, is negotiating a seed round that could raise up to $700 million. Index Ventures and Lightspeed Venture Partners will lead the round, with Creandum participating, and the company’s pre-money valuation is reported at $3.7 billion. The terms remain subject to change, and the company has not yet confirmed the details.