Mirendil raises $1B to automate AI development

Mirendil Inc. has raised $1 billion in a Series A round led by Kleiner Perkins and Clearlake Capital, with participation from Google and others. The startup, founded by former Google DeepMind and Anthropic researchers, makes Lor, a platform that automates AI model training using hundreds of AI agents. A single researcher used Lor to build a coding model called Mirendil-Base in 3.5 months for $10 million, with agents writing over 99% of the code. Mirendil also unveiled Fern, a coding-focused LLM that processes 10 million tokens per prompt.