TECH NEWS

Accel reportedly in talks to lead $1B round for Thinking Machines at $40B valuation

In Brief

12:36 PM PDT · September 3, 2026

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 source and The Information’s reporting.

The new round, if it is completed, would value the company below the $50 billion valuation that Thinking Machines reportedly sought to secure late last year.

Thinking Machines’ annual revenue run rate stands at over $100 million, according to a source with knowledge of the company’s financials. At that revenue figure, a $40 billion valuation reflects an extraordinarily high revenue multiple.

Accel and Thinking Machines didn’t immediately respond to a request for comment.

In July, the company introduced Inkling, an open-weight model that generates revenue by charging usage-based compute...

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Total War: Warhammer 40,000's diplomacy will exist 'in a different form,' and players will need to manage relationships with local forces and planetary governors, says Creative Assembly &mdash; 'How you manage them is kind of down to you'

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