MoneyThe story, in brief
Accel reportedly in talks to lead $1B round for Thinking Machines at $40B valuation
$1B. Accel is leading a mega-round for Thinking Machines at a $40B valuation — a 6x jump from its last funding.
The KeyNews take
Why it matters
A major funding round for a high-profile AI startup signals continued investor appetite for frontier AI despite market churn. The $100M+ ARR and $40B valuation point to a scaling AI company moving toward profitability at scale.
The key facts
4 to knowAccel leading $1B funding round
Thinking Machines valuation: $40B
Annual revenue run rate: $100M+
Published September 2026
Go to the source
TechCrunch AItechcrunch.com
Publisher excerpt: The high-profile startup's annual revenue run rate stands at over $100 million.