Thinking Machines seeks $1B at a $40B valuation, despite $100M revenue
Thinking Machines is reportedly seeking at least $1 billion with existing backer Accel in talks to lead, valuing Mira Murati’s lab at $40 billion. That is below the $50 billion target previously reported, but still more than 400 times its roughly $100 million annual revenue run rate. The financing would test whether investor appetite still follows elite research pedigree after several co-founder departures.