Accel reportedly in talks to lead $1B round for Thinking Machines at $40B valuation
Thinking Machines, an AI startup founded by former OpenAI CTO Mira Murati, is in talks to raise $1 billion at a $40 billion valuation. Despite high-profile departures, the company continues to attract significant investor interest due to its leadership pedigree.
Why it matters
This deal highlights the continued massive capital inflow into AI startups despite concerns regarding high revenue multiples and market sustainability.
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.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in