Thinking Machines is closing a $5 billion round at a $40 billion pre-money valuation, Business Insider reports
Multiple sources told Business Insider that Accel is leading the round, which could close as soon as this week; Thinking Machines has not confirmed it and released Inkling 2 Small the same day.
Why it matters
Thinking Machines Lab, founded by former OpenAI chief technology officer Mira Murati, was valued at more than $10 billion when it raised a $2 billion seed round last year. Business Insider's sources say the new $5 billion raise at a $40 billion pre-money valuation would more than triple that, even as the AI talent war intensifies. The report landed the same day the lab released Inkling 2 Small. Watch for a confirmation or closing announcement this week, and for the final valuation, the investor list and how much compute the money buys.
Key facts
- $5 billion raise at a $40 billion pre-money valuation (Business Insider, multiple sources)
- Accel is leading the round, per the sources
- Could close as soon as this week
- Last valued at more than $10 billion after a $2 billion seed round last year
- Not confirmed by the company