Accel Reportedly in Talks to Lead $1B Round for Thinking Machines at $40B Valuation
The high-profile startup's annual revenue run rate stands at over $100 million.
TL;DR
- Thinking Machines is in discussions to raise $1 billion at a valuation of at least $40 billion.
- Accel is reportedly in talks to lead the fundraise.
- The company's annual revenue run rate is over $100 million.
- A previous $2 billion seed round valued the company at $12 billion, with Andreessen Horowitz, Nvidia, GV, Lightspeed, and Conviction Partners investing.
- There have been several high-profile departures, with some co-founders returning to OpenAI.