Mirendil raises $1B Series A led by Kleiner Perkins to democratize AI R&D (mirendil.com)

Mirendil has successfully secured $1 billion in Series A funding led by Kleiner Perkins and Clearlake Capital, with contributions from various prominent investors including Google and Battery Ventures. The company aims to democratize artificial intelligence research and development (R&D) to enable scientists and engineers to address critical global challenges. By providing advanced tools for AI R&D, Mirendil is facilitating a shift where individual researchers can accomplish what traditionally required large teams, enhancing productivity and fostering innovation across the field. Among its initial achievements, Mirendil has developed Mirendil-Base, a competitive coding model that one researcher was able to train from scratch in just 3.5 months with less than $10 million in computational costs. This model has since evolved into Fern, capable of processing up to 10 million tokens of context, and is supported by Lor, a new platform currently in private beta that utilizes hundreds of AI agents to automate coding and experimentation tasks over extended periods. This funding allows Mirendil to expand its offerings, potentially revolutionizing the landscape of AI R&D by empowering individuals and smaller teams to undertake ambitious scientific projects.