Business1 min read

Sources: Thinking Machines Lab is raising $5B led by Accel at a $40B pre-money valuation, more than tripling its valuation from its last public round last year (Business Insider)

By · Published by Everything Blog

In short

Business Insider reports that Thinking Machines Lab is in the process of raising $5 billion through an investment round led by Accel. The deal establishes a $40 billion pre-money valuation for the company. This new figure represents a dramatic increase in market worth, more than tripling the valuation achieved during its last public funding round conducted last year.

Key points

  • Accel's leadership in the round demonstrates significant venture capital confidence in th…: Accel's leadership in the round demonstrates significant venture capital confidence in the company.
  • The company has experienced substantial equity growth within a single year of operations.: The company has experienced substantial equity growth within a single year of operations.
  • Securing the five billion dollar investment will dramatically bolster the enterprise's ca…: Securing the five billion dollar investment will dramatically bolster the enterprise's capital reserves.

Sources checked by our analysis pipeline: 1

Dina Bass / Bloomberg: |

Wall Street Journal: |

Emma Roth / The Verge: |

Djohnson / CyberScoop: |

Thinking Machines Lab: |

Davey Alba / Bloomberg: |

Radhika Rajkumar / ZDNET: |

Andrew E. Freedman / Tom's Hardware: |

Jaron Schneider / PetaPixel: |

Tiffany Li / The Information: |

@metr_evals: |

Reuters: |

Tom Warren / The Verge: |

Natalia Kniazhevich / Bloomberg: |

Meghan Bobrowsky / Wall Street Journal: |

Tom Warren / The Verge: |

Jay Peters / The Verge: |

Wall Street Journal: |

New York Times: |

Takashi Mochizuki / Bloomberg: |

Andrew Webster / The Verge: |

New York Times: |

Kevin Breuninger / CNBC: |

Takashi Mochizuki / Bloomberg: |

Aaron Holmes / The Information: |

Reuters: |

Isabelle Bousquette / Wall Street Journal: |

Kelly Cloonan / Wall Street Journal: |

Brody Ford / Bloomberg: |

Ben Schoon / 9to5Google: |

Business Insider: |

Rocket Drew / The Information: |

Kelly Cloonan / Wall Street Journal: |

This is a Techmeme archive page. It shows how the site appeared at 8:15…

Business