Thinking Machines Lab is closing in on a new $5 billion funding round at a $40 billion valuation
Thinking Machines Lab is nearing a $5 billion funding round at a $40 billion valuation led by Accel. Despite the high valuation, the startup faces significant challenges in retaining key founding talent amid intense competition from rivals like OpenAI and Meta.
Why it matters
This deal highlights the continued investor appetite for high-profile AI startups despite internal talent churn and the high costs associated with developing large language models.
Mira Murati, chief executive of Thinking Machines Lab. David Paul Morris/Bloomberg via Getty Images Thinking Machines Lab is set to close a $5 billion round at a $40 billion valuation led by Accel. The startup was founded by Mira Murati, OpenAI's former chief technology officer. In the AI talent wars, TML has been losing key members of its founding teams to Meta and OpenAI AI startup Thinking Machines Lab is set to close a fresh round of funding as soon as this week. The startup is raising $5 billion at a $40 billion pre-money valuation, according to multiple sources familiar with the matter. Accel is leading the round, according to the sources. Previously, Thinking Machines Lab, which was founded by Mira Murati, was valued at more than $10 billion and raised a $2 billion seed round last year before launching a product.
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