Thinking Machines Lab Valuation, Funding & Investors

Thinking Machines Lab is valued at $12B as of June 2025.

Last Thinking Machines Lab valuation

$12B

Seed · Jun 2025

Last Thinking Machines Lab funding round

Strategic investment

Amount undisclosed · Mar 2026

Cumulative funding Thinking Machines Lab raised

$2B

across 2 funding rounds

Key investors in Thinking Machines Lab

Thinking Machines Lab Overview

About Thinking Machines Lab

Thinking Machines Lab is a Boston-based artificial intelligence research firm building customizable multimodal AI systems for human collaboration. Founded in 2020, it develops products that integrate vision, language, and reasoning capabilities, adapting to diverse expertise in fields like engineering and design. The lab's open-source contributions and enterprise tools enhance AI transparency and generalizability for research institutions and tech companies.


Founded

2025

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$12B (Jun 2025)

Thinking Machines Lab Valuation

Thinking Machines Lab is currently valued at $12B, based on its seed round in June 2025.

The $2B round was led by Andreessen Horowitz, with participation from NVIDIA, Conviction, ServiceNow, AMD Ventures, Jane Street and 4 other investors.

Thinking Machines Lab valuation by funding round

Thinking Machines Lab valuation by funding round
DateStageValuation
Jun 2025Seed$12B

Thinking Machines Lab Funding History

Thinking Machines Lab has raised a total of $2B across 2 funding rounds.

Thinking Machines Lab's first fundraising round was a $2B seed round in June 2025. The most recent completed round was a strategic investment round in March 2026.

Thinking Machines Lab funding rounds

Thinking Machines Lab funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2026Strategic investmentNVIDIA (lead)---
Jun 2025SeedAndreessen Horowitz (lead); NVIDIA; Conviction; ServiceNow; AMD Ventures; Jane Street; Accel; Davidovs Venture Collective; Cisco; Bossa Invest$2B$12BThinking Machines Lab, founded by former OpenAI CTO Mira Murati, closed a $2 billion seed funding round on June 20, 2025, at a $10 billion post-money valuation, led by Andreessen Horowitz with participation from investors including Accel, AMD Ventures, Cisco, Conviction, and others. The 6-month-old secretive AI startup attracted massive investor interest due to Murati's reputation and high-profile researchers from OpenAI, marking potentially the largest seed round in history. The company's work focuses on AI models and products enhancing human-AI collaboration, though details remain unclear with no products launched at the time. Sources conflict slightly on final valuation, with initial reports citing $10 billion and later mentions of approximately $12 billion post-money upon mid-July closing. Subsequent talks for additional funding at $50-60 billion valuations in late 2025 stalled by early 2026 amid lack of progress.

Who has invested in Thinking Machines Lab?

10 investors have backed Thinking Machines Lab across its funding rounds, including NVIDIA, Accel, Andreessen Horowitz, Bossa Invest, Cisco and ServiceNow.

Lead investors include NVIDIA and Andreessen Horowitz.


Thinking Machines Lab Investors

Investors in Thinking Machines Lab by funding rounds participated
InvestorHQRoundsRoleFirst check
NVIDIAUnited StatesSan Jose, CA2LeadJun 2025
ConvictionUnited StatesUnited States1ParticipantJun 2025
ServiceNowUnited StatesSanta Clara, CA1ParticipantJun 2025
Andreessen HorowitzUnited StatesSan Francisco, CA1LeadJun 2025
AMD VenturesUnited StatesSan Francisco, CA1ParticipantJun 2025
Jane StreetUnited StatesNew York City, NY1ParticipantJun 2025
AccelUnited StatesPalo Alto, CA1ParticipantJun 2025
Davidovs Venture CollectiveUnited StatesSan Francisco, CA1ParticipantJun 2025

This data is available for Pro users. Sign up to see all 10 Thinking Machines Lab investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Thinking Machines Lab Competitors

Thinking Machines Lab competitors include listed companies like Presight AI and Z.ai, and private ones like ElevenLabs, SambaNova, Lovable and Harvey.

Public and private companies comparable to Thinking Machines Lab
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ElevenLabsPolandWarsawPrivate$500M-$11B22.0x
SambaNovaUnited StatesSan Francisco, CAPrivate$100M-$11B-
LovableSwedenStockholmPrivate$500M-$13B26.6x
HarveyUnited StatesSan Francisco, CAPrivate$300M-$16B51.7x
Presight AIUAEUAEPublicly listed$825M$214M$5.7B5.4x
Z.aiChinaChinaPublicly listed$108M($658M)$46B65.9x

Thinking Machines Lab Public Comps

Thinking Machines Lab is still privately-owned, but its public comps include MiniMax Group, iFlytek, Tempus AI, Range Intelligent, IonQ, UiPath, SenseTime Group, Presight AI, Tenable and XtalPi.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
MiniMax Group$79M($1.9B)131.8x-(5.5x)-
iFlytek$4B$465M3.7x3.4x31.7x40.6x
Tempus AI$1.3B($131M)12.0x10.1x(116.0x)346.0x
Range Intelligent$846M$803M20.7x16.0x21.9x19.7x
IonQ$130M($531M)109.9x40.3x(26.9x)(39.1x)
UiPath$1.6B$70M3.7x3.5x85.8x13.7x
SenseTime Group$748M($70M)6.9x5.8x(73.5x)113.7x
Presight AI$825M$214M6.3x5.4x24.4x20.8x

This data is available for Pro users. Sign up to see all Thinking Machines Lab competitors and their valuation data.

Start Free Trial

Common questions about Thinking Machines Lab

When was Thinking Machines Lab founded?Thinking Machines Lab was founded in 2025.
Where is Thinking Machines Lab headquartered?Thinking Machines Lab is headquartered in San Francisco, CA, United States.
Is Thinking Machines Lab publicly listed?No, Thinking Machines Lab is a private, VC-backed company.
What is Thinking Machines Lab's valuation?Thinking Machines Lab was last valued at $12B in its seed round in June 2025.
How much funding has Thinking Machines Lab raised?Thinking Machines Lab has raised $2B across 2 funding rounds.
What was Thinking Machines Lab's last funding round?Thinking Machines Lab's last funding round was a strategic investment round in March 2026, led by NVIDIA.
Who are Thinking Machines Lab's investors?Thinking Machines Lab's investors include NVIDIA, Conviction, ServiceNow, Andreessen Horowitz, AMD Ventures, Jane Street, Accel, Davidovs Venture Collective, Cisco and Bossa Invest.
Which companies are comparable to Thinking Machines Lab?Companies comparable to Thinking Machines Lab include ElevenLabs, SambaNova, Lovable, Harvey, Presight AI and Z.ai.

See companies similar to Thinking Machines Lab

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial