Thinking Machines Is Raising $1B at $40B on a $100M Revenue Run Rate
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Existing backer Accel is in talks to lead a $1 billion round for Mira Murati's Thinking Machines at a valuation of at least $40 billion, with Nvidia discussing participation. The company's annual revenue run rate is above $100 million, which puts the multiple near 400x. Notably the round would price below the roughly $50 billion the lab reportedly sought late last year, the first visible markdown against its own asking price.