Accel reportedly in talks to lead $1B round for Thinking Machines at $40B valuation
Thinking Machines is discussing a $1 billion raise at a valuation of at least $40 billion.
Accel is reportedly in talks to lead the round, according to The Information and TechCrunch’s source. The price would be below the $50 billion valuation the company reportedly sought late last year. TechCrunch says the company’s annual revenue run rate is over $100 million, making the implied multiple unusually high. Thinking Machines last raised $2 billion at a $12 billion valuation and has since seen several co-founders return to OpenAI. TechCrunch AI's note
Accel is reportedly in talks to lead the round, according to The Information and TechCrunch’s source. The price would be below the $50 billion valuation the company reportedly sought late last year. TechCrunch says the company’s annual revenue run rate is over $100 million, making the implied multiple unusually high. Thinking Machines last raised $2 billion at a $12 billion valuation and has since seen several co-founders return to OpenAI. TechCrunch AI's note
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