Thinking Machines Lab is closing in on a new $5 billion funding round at a $40 billion valuation
Source: Business Insider ·
Founded by Mira Murati, Thinking Machines Lab is set to close a new round that values the company at $40 billion.
From the source
Mira Murati, chief executive of Thinking Machines Lab.David Paul Morris/Bloomberg via Getty ImagesThinking 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 OpenAIAI 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. This round would more than triple Thinking Machines' valuation from its last public round last year, showing that investors are still willing to place enormous bets on AI…