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Accel reportedly in talks to lead a $1 billion funding round for Thinking Machines at a valuation of at least $40 billion

Funding Provisional 68% confidence first seen

Multiple reports say Accel is negotiating to lead a $1 billion funding round for Thinking Machines, an AI lab founded by Mira Murati, with a valuation of at least $40 billion. Nvidia is also reported to be in discussions about joining the round. The reported valuation has shifted downward from earlier targets while the company continues building its AI platform and its open-weight model, Inkling.

Accel Mira Murati Thinking Machines Inkling NVIDIA The Information

The deal

Thinking Machines $1 billion Late stage · announced 3 Sep 2026

Investors Accel NVIDIA

Deal terms as reported in the coverage below.

Source coverage

Accel reportedly in talks to lead $1B round for Thinking Machines at $40B valuation TechCrunch independent Thinking Machines in talks for $1B at $40B valuation as Mira Murati’s AI lab races ahead Tech Funding News independent

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