Thinking Machines Raises Funding, Achieving a $10 Billion Valuation

Thinking Machines Lab, an AI start-up established by former OpenAI executive Mira Murati, has successfully raised nearly $2 billion at a pre-investment valuation of $10 billion, as reported by sources familiar with the matter.

The funding round was led by Andreessen Horowitz, with participation from Accel and Conviction Partners, among others, according to these unnamed sources. A spokesperson for Thinking Machines declined to comment.

Representatives from the venture capital firms did not provide any statements. The Financial Times had previously revealed some details about the funding.

Remarkable early-stage fundraising

This funding is noteworthy for a company so young by the standards of Silicon Valley. Although Thinking Machines’ fundraising is categorized as a seed round, indicative of an early-stage investment, it exceeds the typical amounts secured by most venture-backed companies throughout their lifespans.

Murati joined OpenAI in 2018, taking on the role of chief technology officer and briefly serving as interim CEO after Sam Altman’s temporary dismissal. She departed following a challenging period that followed Altman’s return. Several OpenAI employees accompanied her, including co-founder John Schulman and former vice president of research Barret Zoph, both of whom are now part of Thinking Machines.

Murati has disclosed limited information regarding her new initiative. In a February blog post, the start-up emphasized its dedication to creating AI models and products that enhance “human-AI collaboration.”

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