# thinking_machines: valuation, funding, and the secondary tape

## The short version

- Claimed valuation: $12.00B.
- Last priced round: $2.00B at $12.00B post-money.
- New-money stake: 16.7%.

| instrument | value | as of | source |
|---|---|---|---|
| Claimed valuation | $12.00B |  | [source](https://thinkingmachines.ai) |
| Last priced round (filed/seeded) | $2.00B @ $12.00B post | 2025-07-15 | [source](https://www.reuters.com/technology/mira-muratis-ai-startup-thinking-machines-raises-2-billion-a16z-led-round-2025-07-15/) |
| Napkin: new-money stake | 16.7% ($2.00B of $12.00B) | 2025-07-15 | [source](https://www.reuters.com/technology/mira-muratis-ai-startup-thinking-machines-raises-2-billion-a16z-led-round-2025-07-15/) |


## Recent milestones

- 2026-09-24 - [Crusoe and Thinking Machines Lab announced a $65 million annual compute agreement to power inference for Thinking Machines Lab’s open models](https://www.crusoe.ai/resources/newsroom/crusoe-thinking-machines-lab-inference-partnership)
- 2026-09-04 - [Thinking Machines Lab is reportedly in talks to raise approximately $5–6 billion, up from the previously reported minimum of $1 billion. Acc](https://www.theinformation.com/articles/thinking-machines-lab-talks-raise-billions-roughly-40-billion-valuation)
- 2026-09-03 - [The Information reported that Thinking Machines Lab is in talks to raise at least $1 billion at a roughly $40 billion pre-money valuation. E](https://www.theinformation.com/articles/thinking-machines-lab-talks-raise-billions-roughly-40-billion-valuation)

[marks](https://data.somen.ai/marks) | [napkin](https://data.somen.ai/napkin) | [scorecard](https://data.somen.ai/scorecard) | [all companies](https://data.somen.ai/companies)

*Derived from the SOMEN graph at render time. The arithmetic cannot lobby you.*