DeepMind alumni startup Emulate targets $700m raise at $3.7b valuation

On September 17, 2026, Sifted and other European outlets reported that Emulate, a London AI startup founded by former Google DeepMind researchers, is in talks to raise up to $700 million at a post‑money valuation of around $3.7 billion. The round is reportedly being led by Index Ventures and Lightspeed, though terms are not yet final.