Robinhood CEO’s math-focused AI startup Harmonic valued at $1.45 billion in latest fundraising

Harmonic, an artificial intelligence startup co-founded by Robinhood CEO Vlad Tenev, has raised $120 million in new funding, valuing the company at $1.45 billion, as it tackles AI “hallucinations” – or incorrect or nonsensical answers – by improving the ability to reason.

The Series C round for the pre-revenue startup was led by Ribbit Capital, with participation from existing investors Sequoia and Kleiner Perkins. Laurene Powell Jobs’ investment firm Emerson Collective joined as a new backer.

The deal marks the company’s third major fundraising in 14…