Accel reportedly in talks to lead $1B round for Thinking Machines at $40B valuation
Thinking Machines, Mira Murati's AI lab, is in talks to raise $1 billion at a $40 billion valuation, with Accel reportedly leading.
Thinking Machines, the AI lab founded by former OpenAI CTO Mira Murati, is negotiating a $1 billion round at a valuation of at least $40 billion, below the $50 billion it reportedly sought last year. The company's annual revenue run rate exceeds $100 million, mostly from usage-based compute fees for its open-weight Inkling model adapted on the Tinker platform. Its prior $2 billion seed round, led by Andreessen Horowitz with Nvidia, GV, Lightspeed, and Conviction Partners, valued it at $12 billion. Several co-founders, including Lilian Weng and Luke Metz, have since returned to OpenAI.
- $1 billion round at $40B+ valuation would be below the $50 billion sought in 2025
- Annual revenue run rate exceeds $100 million, implying an extraordinarily high multiple
- Prior $2 billion seed led by Andreessen Horowitz valued the company at $12 billion
- Co-founders Lilian Weng and Luke Metz departed back to OpenAI
- Organizations
- Thinking MachinesAccelOpenAI
- AI models
- Inkling
From the original article
1 min read at techcrunch.com
The high-profile startup's annual revenue run rate stands at over $100 million.
By Marina Temkin · techcrunch.com
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