Browsing: Accel

Thinking Machines, the AI lab founded early last year by former OpenAI CTO Mira Murati, is in discussions to raise $1 billion at a valuation of at least $40 billion, The Information reported Thursday. Existing backer Accel is in talks to lead the fundraise, according to our

Mira Murati’s AI startup is about to get a whole lot richer. Accel is reportedly in talks to lead a $1 billion round for Thinking Machines Lab that would value the company at a staggering $40 billion The kicker: the startup’s annual revenue run rate has already crossed $100 million, a number that’s turning heads…

Investor demand outpaced expectations, and the fundraising moved from launch to completion in just weeks, offering a revealing signal about India’s startup market.

Accel has raised $3.5 billion in new capital to invest in emerging technology companies around the world, expanding the venture capital firm’s firepower as artificial intelligence continues to reshape the startup market

Accel has closed a new $550 million India fund, less than two years after raising its previous India-focused vehicle, as part of a coordinated $3.5 billion global fundraising effort.