The AI startup founded by former OpenAI chief technology officer Mira Murati is in the final stages of a capital raise led by venture capital firm Accel. The round, which may close as soon as this week, would provide the firm with $5B in new funding and establishes a $40B pre-money valuation.
The current valuation is a decline from the $50B target the company sought last year, though it is significantly higher than the more than $10B valuation established after its $2B seed round. Thinking Machine Labs has recently dealt with personnel losses, losing roughly 33% of its founding team to competitors including Meta and OpenAI.
