Chai Discovery Bags $400 Million

Chai Discovery raised $400 million in new funding at a $3.8 billion valuation.

The round drew support from Index Ventures, Kleiner Perkins, Sequoia Capital, Dimension, Bain Capital Ventures, Thrive Capital, OpenAI, and Yosemite.

The financing signals strong investor confidence in Chai Discovery and gives it more capital to accelerate development and growth.