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TechCrunch AI· This weekTechnology

OpenAI working on new $30B raise at $1.25T valuation ahead of IPO

OpenAI is reportedly close to a new private funding round of up to $30 billion, at a pre-money valuation of $1.25 trillion. Coatue and investors from the UAE are said to be leading the round, according to CNBC sources. Terms are still being negotiated and could change. OpenAI declined to comment. A valuation above $1 trillion would make it the most valued private company ever. Anthropic is reportedly seeking a $1.5 to $2 trillion valuation for its public debut.

TechCrunch AI· This weekBusiness

Blacksmith hits unicorn valuation after Sequoia leads Series C

Blacksmith, a platform that helps companies build and test software, has raised $66 million in a Series C funding round led by Sequoia. The round values the company at $1 billion. Co-founder and chief executive Aditya Jayaprakash said most companies are struggling to keep up with the volume of testing they need to run, especially as AI writes more code. The company says its annual recurring revenue has grown 17 times and that it has run over 90 million automated code checks. Customers include Mercury and Granola.

TechCrunch AI· A while agoTechnology

The maker of non-text AI model Jev valued at $7.5B just weeks after launch

TypeSafe AI has raised $870 million at a $7.5 billion valuation, led by Andreessen Horowitz with participation from Sequoia and existing investor DCVC. The startup behind Jev, a model released on September 15, says a third of Fortune 500 companies are already using it. Unlike large language models, Jev does not output text. It produces probabilities, which the company calls calibrated decisions. TypeSafe claims it runs faster and uses far fewer tokens than language models, and it is aimed at automating tasks.

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#Funding RoundTopic

OpenAI working on new $30B raise at $1.25T valuation ahead of IPO

Blacksmith hits unicorn valuation after Sequoia leads Series C

The maker of non-text AI model Jev valued at $7.5B just weeks after launch

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#Funding RoundTopic

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OpenAI working on new $30B raise at $1.25T valuation ahead of IPO

Blacksmith hits unicorn valuation after Sequoia leads Series C

The maker of non-text AI model Jev valued at $7.5B just weeks after launch