AI startup Advanced Machine Intelligence, founded by former Meta Platforms’ (META) Chief AI Scientist Yann LeCun, has raised $1.03B in seed funding.
The company said it is building a new breed of AI systems that understand the world, have persistent memory, can reason and plan, and are controllable and safe.
AMI reached a $3.50B pre-money valuation, according to a report from Reuters.
AMI did not immediately respond to a request for comment from Seeking Alpha about the valuation.
The startup, which is less than three months old, said the funding round was co-led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions, among other investors.
AMI noted that it is also supported by global investors and strategic backers, including Nvidia (NVDA), Toyota Ventures, and Samsung (SSNLF), among others.
In addition, AMI is appointing Alex LeBrun as CEO. LeBrun made an announcement on his LinkedIn post. LeBrun said he has spent 24 years building AI products — including work on chatbots (VirtuOz, 2002), natural language understanding (Wit.ai, 2012), Facebook’s M assistant (2015), and healthcare AI (Nabla, 2019).
AMI has headquarters in Paris and also operates from New York, Montreal, and Singapore.
LeCun, who is co-founder and executive chairman at AMI, had been at Meta’s Facebook for over 12 years and left in January, according to his LinkedIn profile. In December 2025, it was reported that LeCun was looking to raise €500M for the startup. LeCun had said Meta would not invest in his company.