Business & Finance
Accel in talks to lead $1 billion funding round for Thinking Machines
The prospective financing would value the artificial intelligence startup founded by Mira Murati at a minimum of $40 billion.
The short version
- Thinking Machines is negotiating a $1 billion investment round, with existing backer Accel in talks to lead the deal.
- The round would value the AI startup at at least $40 billion, up from a previous $12 billion valuation but below earlier reported targets of $50 billion.
- The transaction remains unfinalized, and neither Accel nor Thinking Machines has publicly confirmed the discussions.
Key facts
- Thinking Machines is in talks to raise $1 billion at a valuation of at least $40 billion, with venture firm Accel discussing leading the round.[TechCrunch]
- A source familiar with Thinking Machines' finances reported that the company's annual revenue run rate exceeds $100 million.[TechCrunch]
- Thinking Machines previously raised a $2 billion seed financing round led by Andreessen Horowitz at a $12 billion valuation.[TechCrunch]
- The company has experienced notable departures, including co-founders Lilian Weng and Luke Metz returning to OpenAI.[TechCrunch]
What remains uncertain
- Whether the funding round will officially close under these terms remains unconfirmed, as representatives for Accel and Thinking Machines did not immediately comment.[TechCrunch]