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Benzinga
Benzinga
Business
Paula Tudoran

'You Never Want To Take The Highest Offer': Robinhood CEO's AI Startup Raises $100M, Hits $875M Valuation With Backing From Kleiner Perkins

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Robinhood (NASDAQ:HOOD) CEO Vlad Tenev is stepping beyond trading apps with a new venture: Harmonic AI, a startup aiming to create what it calls "mathematical superintelligence." The company last month announced the closing of a $100 million Series B funding round, bringing its valuation to $875 million. 

Tenev co-founded Palo Alto-based Harmonic in 2023 alongside CEO Tudor Achim, a former executive at autonomous driving company Helm.ai. Though he is not running the company day to day, Tenev serves as executive chairman, Bloomberg reports.

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