Techub News reports that, according to sources cited by Tech in Asia, Periodic Labs, founded by former OpenAI Vice President of Research Liam Fedus and former DeepMind Research Scientist Ekin Dogus Cubuk, has raised $200 million in funding, with a post-money valuation of $1 billion. The company focuses on leveraging artificial intelligence technology for new materials research and discovery. This round of funding is led by a16z, and OpenAI is expected to participate as well.