{
  "id": 5428201,
  "title": "Thinking Machines Lab Seeks $1 Billion at $40 Billion Valuation",
  "url": "https://urgent.news/2026/09/03/thinking-machines-lab-seeks-1-billion-at-40-billion-valuation",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-03T22:04:20.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/news/artificial-intelligence/2026/thinking-machines-lab-seeks-40-billion-dollar-valuation/"
  },
  "original_language": "en",
  "account": "Thinking Machines Lab, an artificial intelligence startup co-founded by former OpenAI Chief Technology Officer Mira Murati, is reportedly in discussions to raise up to $1 billion at a valuation exceeding $40 billion, according to The Information on September 3. Potential lead investor Accel and Nvidia, which has previously invested in the company, are reportedly considering participation in the funding round. The proposed valuation would mark a fourfold increase from the $10 billion pre-investment valuation the company reached in July 2025 after raising $2 billion. While the $40 billion valuation is below the $50 billion target sought by the startup in late 2024, the company is generating an estimated $200 million in annual revenue. Thinking Machines earns revenue by selling businesses tools to customize AI models using their proprietary data, while its open-weight models are available for free. The new capital would be allocated towards model training, computing infrastructure rental, and employee hiring. The fundraising discussions highlight the ongoing investor interest in independent AI labs, despite the high costs of developing frontier models. When Thinking Machines raised $2 billion in July 2025, Andreessen Horowitz led the round, with Nvidia among its investors. Despite a December 2024 report suggesting another round at a $60 billion valuation, those talks had not been finalized. Nvidia's potential involvement in the latest round strengthens its partnership with Thinking Machines, having already invested $100 million and entered a multiyear partnership in March 2025. The startup, founded in early 2025, specializes in customizable AI systems that allow organizations to adapt models to their specific data and needs.",
  "summary": "Thinking Machines Lab, the artificial intelligence startup led by former OpenAI Chief Technology Officer Mira Murati, is in talks to raise at least $1 billion at a valuation of at least $40 billion, The Information reported Thursday (Sept. 3). Existing investor Accel is considering leading the funding round, while Nvidia has discussed participating, according to […] The post Thinking Machines Lab…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}