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Thinking Machines Lab Raises $5B at $40B Valuation

AI startup Thinking Machines Lab nears $5 billion funding round led by Accel.

Nov 6, 2026

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Thinking Machines Lab Raises $5B at $40B Valuation

AI startup Thinking Machines Lab nears $5 billion funding round led by Accel.

In brief

AI startup Thinking Machines Lab nears $5 billion funding round led by Accel. Thinking Machines Lab, an AI startup founded by former OpenAI chief technology officer Mira Murati, is raising $5 billion at a $40 billion pre-money valuation, led by investment firm Accel. Originally reported by Dealroom.

Quick answers

What's the deal?
Thinking Machines Lab, the San Francisco AI startup founded by former OpenAI chief technology officer Mira Murati, is reportedly raising $5 billion at a $40 billion pre-money valuation.
Why now?
The raise more than triples the $12 billion valuation from the company's $2 billion seed in July 2025 after co-founders left for rivals like Meta and OpenAI.
What's the endgame?
The company sells Tinker, a system for fine-tuning large language models on their own data, with Inkling and a new version of Tinker released in July and November.
What is the key takeaway from Thinking Machines Lab Raises $5B at $40B Valuation?
Thinking Machines Lab, an AI startup founded by former OpenAI chief technology officer Mira Murati, is raising $5 billion at a $40 billion pre-money valuation, led by investment firm Accel.

What's the deal?

Thinking Machines Lab, the San Francisco AI startup founded by former OpenAI chief technology officer Mira Murati, is reportedly raising $5 billion at a $40 billion pre-money valuation.

Why now?

The raise more than triples the $12 billion valuation from the company's $2 billion seed in July 2025 after co-founders left for rivals like Meta and OpenAI.

What's the endgame?

What's the endgame?

The company sells Tinker, a system for fine-tuning large language models on their own data, with Inkling and a new version of Tinker released in July and November.

The headline

Thinking Machines Lab, an AI startup founded by former OpenAI chief technology officer Mira Murati, is raising $5 billion at a $40 billion pre-money valuation, led by investment firm Accel.

Read the original on Dealroom

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