Mirendil Raises $1B Series A to Accelerate AI Model Development

Mirendil Inc., which makes software that speeds up AI model development, raised $1 billion in a Series A round. Kleiner Perkins and Clearlake Capital co-led the round, joined by more than a half-dozen other investors including Google. The company was founded last year.

Why it matters: A $1 billion early-stage round for AI development tooling signals strong investor and Google backing for infrastructure that could change how quickly teams build and iterate on models.