From TechCrunch · Marina Temkin · · 1m 30s
TypeSafe AI's Jev hits $7.5B valuation weeks after launch
TypeSafe AI raised $870 million for its non-text AI model Jev, which went viral after September release and claims a third of Fortune 500 companies already use it.
In brief
TypeSafe AI raised $870 million for its non-text AI model Jev, which went viral after September release and claims a third of Fortune 500 companies already use it. TypeSafe AI raised $870 million at a $7.5 billion valuation for Jev, a non-text AI model that gained rapid adoption after launching September 15, with a…
TypeSafe AI raises $870M for Jev
TypeSafe AI, maker of non-text AI model Jev, raised $870 million at a $7.5 billion valuation. Andreessen Horowitz led the round with participation from Sequoia and existing investor DCVC.
Jev went viral after September launch
Jev launched September 15 and gained rapid popularity almost instantly. TypeSafe claims a third of Fortune 500 companies are already using the model, a remarkably swift adoption by enterprises.
Jev produces decisions, not text
Jev is based on transformer architecture but is not a large language model.It does not output text but instead produces probabilities, or what TypeSafe calls calibrated decisions, working faster and using fewer tokens than LLMs.
TypeSafe positions Jev for automation
TypeSafe co-founder Diogo Almeida said: "We have been super good at human language for four years, but it's not useful for automation because computers speak a different language."
“We have been super good at human language for four years, but it's not useful for automation because computers speak a different language.”
TypeSafe founded by AI researchers
TypeSafe was co-founded in 2024 by Diogo Almeida, a former OpenAI researcher, Sasha Sheng, a former Meta research engineer, and Erik Gafni, an engineer and entrepreneur.
The essence
TypeSafe AI raised $870 million at a $7.5 billion valuation for Jev, a non-text AI model that gained rapid adoption after launching September 15, with a third of Fortune 500 companies reportedly already using it.
