Thinking Machines in talks to raise $1B+ at $40B+ valuation, below last year's $50B target
Mira Murati's AI lab Thinking Machines is in talks to raise at least $1 billion at a pre-money valuation of over $40 billion, with existing backer Accel reportedly in talks to lead the round. The valuation is lower than the $50 billion-plus it sought late last year, and the company's annual revenue run rate is over $100 million.
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The Information : Sources: Mira Murati's Thinking Machines Lab is in talks to raise $1B+ at a $40B+ pre-money valuation, lower than the $50B+ valuation it sought last year — Thinking Machines Lab, the AI developer led by ex-OpenAI chief technology officer Mira Murati, is in talks to raise at least $1 billion …
TechCrunch AIMarina Temkin
# Accel reportedly in talks to lead $1B round for Thinking Machines at $40B valuation Thinking Machines, the AI lab founded early last year by former OpenAI CTO Mira Murati, is in discussions to raise $1 billion at a valuation of at least $40 billion, The Information reported Thursday. Existing backer Accel is in talks to lead the fundraise, according to our source and The Information’s reporting. The new round, if it is completed, would value the company below the $50 billion valuation that Thinking Machines reportedly sought to secure late last year. Thinking Machines’ annual revenue run rate stands at over $100 million, according to a source with knowledge of the company’s financials. At that revenue figure, a $40 billion valuation reflects an extraordinarily high revenue multiple. Accel and Thinking Machines didn’t immediately respond to a request for comment. In July, the company introduced Inkling, an open-weight model that generates revenue by charging usage-based compute fees f
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