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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
NVIDIA
Accel
Andreessen Horowitz
Bossa Invest
Cisco
ServiceNow
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Jun 2025 | Seed | $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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2026 | Strategic investment | NVIDIA (lead) | - | - | - |
| Jun 2025 | Seed | Andreessen Horowitz (lead); NVIDIA; Conviction; ServiceNow; AMD Ventures; Jane Street; Accel; Davidovs Venture Collective; Cisco; Bossa Invest | $2B | $12B | Thinking 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jun 2025 | ||
| 1 | Participant | Jun 2025 | ||
| 1 | Participant | Jun 2025 | ||
| 1 | Lead | Jun 2025 | ||
| 1 | Participant | Jun 2025 | ||
| 1 | Participant | Jun 2025 | ||
| 1 | Participant | Jun 2025 | ||
| 1 | Participant | Jun 2025 | ||
This data is available for Pro users. Sign up to see all 10 Thinking Machines Lab investors. Start Free Trial | ||||
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Start Free TrialThinking 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $500M | - | $11B | 22.0x | ||
| Private | $100M | - | $11B | - | ||
| Private | $500M | - | $13B | 26.6x | ||
| Private | $300M | - | $16B | 51.7x | ||
| Publicly listed | $825M | $214M | $5.7B | 5.4x | ||
| Publicly listed | $108M | ($658M) | $46B | 65.9x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $79M | ($1.9B) | 131.8x | - | (5.5x) | - | |||
| $4B | $465M | 3.7x | 3.4x | 31.7x | 40.6x | |||
| $1.3B | ($131M) | 12.0x | 10.1x | (116.0x) | 346.0x | |||
| $846M | $803M | 20.7x | 16.0x | 21.9x | 19.7x | |||
| $130M | ($531M) | 109.9x | 40.3x | (26.9x) | (39.1x) | |||
| $1.6B | $70M | 3.7x | 3.5x | 85.8x | 13.7x | |||
| $748M | ($70M) | 6.9x | 5.8x | (73.5x) | 113.7x | |||
| $825M | $214M | 6.3x | 5.4x | 24.4x | 20.8x | |||
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
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