Read the pitch deck these ex-DeepMind scientists used to raise $5 million for an AI 'algorithm factory' (www.businessinsider.com)

Hiverge, a Cambridge startup founded by ex-DeepMind scientists Alhussein Fawzi and Bernardino Romera-Paredes (joined by University of Cambridge professor Hamza Fawzi), has emerged from stealth with a $5 million seed round led by Flying Fish Ventures and backing from Ahren Innovation Capital and Google chief scientist Jeff Dean. The company is building "The Hive," an "algorithm factory" that uses program synthesis—AI that generates algorithms to meet precise specifications—to automatically design and optimize backend code. Founders say the platform targets improvements that go beyond what human engineers typically produce, for example shortening AI model training times or reducing runtime in supply-chain software, and focuses on verifiable, production-grade code rather than ad-hoc “vibe coding.” For the AI/ML community this signals a move from general code completion toward automated algorithm engineering: systems that synthesize provable or highly optimized algorithms tailored to specific metrics (latency, compute, accuracy). Technical implications include tighter integration with ML infrastructure and potential acceleration of MLOps and hardware-aware algorithm tuning—areas the founders worked on at DeepMind (including the AlphaEvolve project). Hiverge is still validating business models via proofs-of-concept and expects to license its platform; the new funding will accelerate go-to-market, product development, and research. If successful, this approach could shift competitive differentiation toward bespoke, machine-generated algorithms across industries.