● Covered by 1 source · 1 reportMedium impact1 neutral
Thinking Machines in talks for $1B funding round at $40B valuation, led by Accel
Key points
- Thinking Machines seeks $1 billion in new funding.
- The potential valuation is $40 billion.
- Accel is reportedly leading the investment round.
- The company's annual revenue run rate is over $100 million.
Funding Discussions Underway
Thinking Machines, an AI lab founded by former OpenAI CTO Mira Murati, is reportedly in discussions to secure $1 billion in new funding. This potential investment round would value the company at $40 billion. Existing investor Accel is in talks to lead this fundraise.
Valuation and Revenue Context
The $40 billion valuation is lower than the $50 billion the company reportedly sought late last year. Thinking Machines has an annual revenue run rate exceeding $100 million, indicating a high revenue multiple at the proposed valuation.
Previous Funding and Product
The startup previously raised a $2 billion seed round, valuing it at $12 billion, with Andreessen Horowitz leading the investment. In July, Thinking Machines introduced Inkling, an open-weight model that generates revenue through usage-based compute fees for model adaptation on its Tinker platform.
Team Changes
Since its founding, Thinking Machines has experienced several high-profile departures, including co-founders Lilian Weng and Luke Metz, who have returned to OpenAI.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
AI lab Thinking Machines is reportedly in discussions to raise $1 billion in funding, which would value the company at $40 billion. Accel is in talks to lead this round, following a previous $2 billion seed round that valued the company at $12 billion.