Former Meta Executive Launches Event Prediction AI Lab Sooth Labs, Raising $50 million in Funding at a Valuation of approximately $335 million

According to Dynamic Beating monitoring, AI lab Sooth Labs, founded by former Meta employees, is currently raising about $335 million at a valuation of around $3.5 billion, with a $50 million investment led by Felicis Ventures. Yann LeCun and Google's Chief Scientist Jeff Dean are participating in the funding round, with Meta CTO Andrew Bosworth serving as an advisor.

Based in Pittsburgh, Sooth Labs aims to train AI models to help enterprises predict the likelihood of geopolitical and market events. Unlike traditional prediction algorithms, Sooth trains its models on large-scale cross-industry datasets, supporting multi-modal inputs such as video, audio, and text, allowing users to directly query the probability of specific events. In a product demo, the system provided predictions such as a 16% chance of the WHO announcing another pandemic before 2028 and a 33% chance of Anthropic going public this year. Target customers include those in the finance, defense, insurance, and real estate industries.

The founding team hails from Meta AI and Carnegie Mellon University. CEO Yaser Sheikh is a visiting professor at CMU and a former VP at Meta. Co-founder Ruslan Salakhutdinov is a CMU professor and a protege of Geoffrey Hinton, having previously served as Apple's first director of AI research before joining Meta to work on AI research.