ChainCatcher news, reported by Techinasia, Periodic Labs, founded by former OpenAI research vice president Liam Fedus and former DeepMind research scientist Ekin Dogus Cubuk, has completed a $200 million financing round, achieving a post-investment valuation of $1 billion. The company focuses on utilizing artificial intelligence technology for new material research and discovery.

This round of financing was led by Andreessen Horowitz, and OpenAI is also expected to participate.