The facts
Thinking Machines Lab at a glance.
Read Oct 20, 2026. Valuations and amounts are copied as each source states them; a figure that is only reported (talks, or people familiar with the deal) is labeled as reported.
- Kind of company
- New frontier labsStart-ups building general AI models to rival the biggest labs.
- Based in
- United States
- Founded
- 2025TechCrunch, Sep 3, 2026
- Last closed-round valuation
- $12B$12 billion (TechCrunch, Jul 15, 2025)
- Reported valuation
- Reported $40B+, in talksat least $40 billion (TechCrunch, citing The Information, Sep 3, 2026)
- What it has shipped
- Has a model or API
Founders
- Mira Murati: former OpenAI chief technology officer (TechCrunch, Jul 15, 2025)
Reported to be in talks to raise about $1 billion at a valuation of at least $40 billion, led by Accel; TechCrunch notes an annual revenue run rate above $100 million and that co-founders Lilian Weng and Luke Metz have returned to OpenAI. Sep 3, 2026
TechCrunch, citing The Information, Sep 3, 2026
What it has built
Shipped, or not yet.
“Has a model or API” is what our search found: something the public can use or buy, a model or API, research only, or nothing public.
Inkling, open-weight Mixture-of-Experts model, 975B total / 41B active parameters, weights on Hugging Face
Source2 rounds
Funding, as reported.
Every round we found, with the amount, valuation and investors as the source states them.
| When | Round | Amount | Valuation | Investors named | Source |
|---|---|---|---|---|---|
| Jul 15, 2025 | Seed | $2 billion | $12 billion | Andreessen Horowitz (lead), Nvidia, Accel, ServiceNow, Cisco, AMD, Jane Street | TechCrunch |
| Sep 3, 2026 | New round in talks (reported, not closed) | about $1 billion | at least $40 billion | Accel (reportedly in talks to lead) | TechCrunch, citing The Information |
Our note
Worth knowing.
Our note: The $40B figure comes from a report of talks, not a closed round; Accel and the company did not comment. The company reportedly sought $50B late in 2025. Inkling's licence is not named on the announcement page.
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