Thinking Machines at a glance
As of- [1] Latest valuation: TechCrunch, July 15, 2025
- [2] Equity raised: Sum of the 1 sourced equity round in the funding history below (debt, tender offers and rumored rounds excluded), July 15, 2025
- [3] Lead investors: TechCrunch, July 15, 2025
- [4] Founded: Wikipedia (retrieved September 5, 2026)
- [5] Headquarters: Wikipedia (retrieved September 5, 2026)
Is this your company? Get featured or correct your listing →
Company Snapshot
Thinking Machines is an AI infra company, based in San Francisco, California, USA, founded 2025 by Mira Murati.
Recent changes
- Sep 3, 2026Sep 3, 2026Thinking Machines Nears $1B Round at $40B Pulse story
- Jul 31, 2026Jul 31, 2026Thinking Machines Debuts Inkling Small Open Model Pulse story
- Jul 15, 2025Jul 15, 2025Raised $2B Seed at a $12B valuation TechCrunch
- Jul 15, 2025Jul 15, 2025New investor: ServiceNow Ventures TechCrunch
- Jul 15, 2025Jul 15, 2025New investor: Andreessen Horowitz TechCrunch
Earlier changes (7)
- Jul 15, 2025Jul 15, 2025New investor: AMD Ventures TechCrunch
- Jul 15, 2025Jul 15, 2025New investor: Nvidia TechCrunch
- Jul 15, 2025Jul 15, 2025New investor: Cisco Investments TechCrunch
- Jul 15, 2025Jul 15, 2025New investor: Jane Street TechCrunch
- Jul 15, 2025Jul 15, 2025New investor: Accel TechCrunch
- Jul 2025Jul 2025First reported valuation: $12B (July 2025) Value Add Pulse enrichment
- Jul 2025Jul 2025First reported total funding: $2B (July 2025) Value Add Pulse enrichment
Funding history
1 equity event · newest first · sources dated per row| Date | Round | Amount | Valuation | Lead investors | Source |
|---|---|---|---|---|---|
| Jul 15, 2025 | Seed | $2B | $12Bpost-money | TechCrunch |
Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.
Investors
Latest Pulse
- Oct 20, 2026Bison Ventures Closes $160M Fund IIBison Ventures closed its second fund at $160 million to back early-stage founders building 'Real World Intelligence,' following a $135 million debut fund.→
- Oct 5, 2026Reflection AI Launches Beam, Its First Open ModelReflection AI unveiled Beam, a 501-billion-parameter open-weight model it says matches top Chinese open models on reasoning benchmarks using a fraction of the inference compute, intensifying the US-China race for open AI.→
- Sep 23, 2026Crusoe Lands $65M-A-Year Deal With Mira Murati's LabCrusoe and Thinking Machines Lab signed a $65 million annual deal to run inference for the lab's models on dedicated Nvidia HGX B200 systems, pushing Crusoe's managed-inference business past $100 million in contracted annual revenue.→
- Sep 18, 2026Mantic Raises $25M For 'Superhuman' AI ForecastingLondon-based Mantic raised a $25 million seed led by Radical Ventures after its AI forecasting system competed with human forecasters at the 2026 Metaculus Cup, with Balderton, M12 and Thinking Machines Lab also participating.→
- Sep 8, 2026Venture Funding's 2026 Boom Is Really Fewer, Bigger BetsAugust's $42B in global venture funding, a $14.6B defense-tech record, and a wave of billion-dollar seed rounds all point to the same mechanism: more dollars chasing fewer, later-feeling deals.→
- Sep 7, 2026The Billion-Dollar Seed Round Is Now a CategoryThree AI labs have now raised a billion dollars or more in what their investors call a seed round, at valuations between $5 billion and $12 billion before shipping a product -- a pricing convention that did not exist two years ago.→
- Sep 7, 2026David Silver's Ineffable Names Six CofoundersIneffable Intelligence, the reinforcement-learning lab valued at $5.1 billion on a $1.1 billion seed, has retroactively elevated six senior hires to cofounder -- four of them out of Google's AI organization.→
- Sep 3, 2026Thinking Machines Nears $1B Round at $40BAccel is reportedly in talks to lead a $1 billion round for Mira Murati's Thinking Machines at a $40 billion valuation -- more than 3x its $12 billion seed mark, but below the $50 billion figure it was targeting late last year.→
- Sep 3, 2026Crusoe Reportedly Raises $3B at $30B ValuationCrusoe, the AI data center developer that pivoted from flared-gas crypto mining, reportedly closed a $3 billion round at a $30 billion valuation, tripling its mark from October and setting up meetings with IPO bankers.→
- Sep 3, 2026Nvidia Confirms $12.9B Deal to Buy Hugging FaceNvidia formally confirmed its $12.9 billion acquisition of Hugging Face, the open-source AI model repository, converting a deal reported as unsigned in August into a signed agreement (closing expected in the first half of 2027) with public commitments on platform neutrality.→
Coverage Timeline
newest first- Sep 23, 2026AICrusoe Lands $65M-A-Year Deal With Mira Murati's Lab$65M/year deal→
- Sep 3, 2026FUNDINGThinking Machines Nears $1B Round at $40B$1B round in talks→
- Aug 27, 2026AIEx-Thinking Machines Co-Founder Lands at Google→
- Aug 3, 2026AISmall Open Models Are Becoming Labs' New Funnel Strategy→
- Jul 31, 2026AIThinking Machines Debuts Inkling Small Open Model1 pt off flagship score→
- Jul 15, 2026AIEx-OpenAI CTO's Thinking Machines Open-Sources Inkling→
All Coverage
AI$65M/year deal
Crusoe Lands $65M-A-Year Deal With Mira Murati's Lab
Crusoe and Thinking Machines Lab signed a $65 million annual deal to run inference for the lab's models on dedicated Nvidia HGX B200 systems, pushing Crusoe's managed-inference business past $100 million in contracted annual revenue.
DEEP DIVE
Thinking Machines Nears $1B Round at $40B
FUNDING$1B round in talks
Thinking Machines Nears $1B Round at $40B
Accel is reportedly in talks to lead a $1 billion round for Mira Murati's Thinking Machines at a $40 billion valuation -- more than 3x its $12 billion seed mark, but below the $50 billion figure it was targeting late last year.
DEEP DIVE
Ex-Thinking Machines Co-Founder Lands at Google
AI
Ex-Thinking Machines Co-Founder Lands at Google
Barret Zoph, who co-founded Thinking Machines Lab with Mira Murati and briefly returned to OpenAI, has joined Google DeepMind as VP of research, the latest move in an unusually volatile run of talent churn among frontier-lab founders.
DEEP DIVE
Small Open Models Are Becoming Labs' New Funnel Strategy
AI
Small Open Models Are Becoming Labs' New Funnel Strategy
Thinking Machines' Inkling-Small matches its flagship within one point at a quarter of the compute, and MiniMax open-sourced a competitive video model at a third of rivals' cost -- distillation is now a release strategy, not a side project.
Thinking Machines Debuts Inkling Small Open Model
AI1 pt off flagship score
Thinking Machines Debuts Inkling Small Open Model
Thinking Machines released Inkling-Small, a 276-billion-parameter open-weight multimodal model that matches its larger 975-billion-parameter Inkling predecessor within one point on the Artificial Analysis Intelligence Index.
Ex-OpenAI CTO's Thinking Machines Open-Sources Inkling
AI
Ex-OpenAI CTO's Thinking Machines Open-Sources Inkling
Thinking Machines, founded by former OpenAI CTO Mira Murati, open-sourced its first multimodal model, Inkling, built for low cost and resistance to censorship, and it topped Hacker News on release.
Value Add Research
- AI & Technology · Aug 16, 2026Thinking Machines Valuation Oct 2026: $12B, $40B+ Talks
- Market & Trends · Sep 27, 2026Crusoe Series F: Inside the $30.9B AI Data Center Company
- Strategy & Thesis · Sep 23, 2026Why AI Startups Are Raising Bigger Rounds, Less Traction
- AI & Technology · Jul 28, 2026$71M Seed — Enigma Robotics AI Humanoid (2026)
- AI & Technology · Jul 27, 2026$32B SSI Valuation Implies $640M Per Employee, $0 Revenue
- AI & Technology · Jul 23, 2026$65M Raised vs $1B Valuation — Essential AI vs Prime Intellect
- AI & Technology · Jul 7, 2026$65M-Funded Essential AI — Transformer Co-Founders
- VC & Investing · Jul 4, 2026Crusoe Raises $3B at $30B Valuation, Lands $13B Jane Street Deal
Related Companies
Thinking Machines FAQ
What is Thinking Machines's valuation?
Thinking Machines was last valued at $12B in its July 2025 Seed, according to TechCrunch (July 15, 2025).
How much has Thinking Machines raised?
Thinking Machines has raised at least $2B in equity across 1 sourced funding round tracked by Value Add VC. The most recent was a $2B Seed in July 2025 at a $12B post-money valuation, reported by TechCrunch. Debt financing, tender offers and secondary sales are not counted.
Who invested in Thinking Machines?
Lead investors in Thinking Machines's sourced funding rounds include Andreessen Horowitz. Per round: its July 2025 Seed was led by Andreessen Horowitz.
When was Thinking Machines founded and where is it based?
Thinking Machines was founded in 2025 and is headquartered in San Francisco, California, USA, according to Wikipedia.
Sources & methodologyshow
Where these figures come from
- TechCrunchmajor outlet3 facts
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.