Thinking Machines is reported to discuss $1 billion round at $40 billion valuation
Image: Primary Thinking Machines is in discussions to raise $1 billion at a valuation of at least $40 billion, according to reporting cited by TechCrunch. Existing investor Accel is in talks to lead the financing, though neither Accel nor Thinking Machines responded to a request for comment. If completed, the round would be below the $50 billion valuation the company reportedly sought late last year. The company's previous $2 billion financing valued it at $12 billion.
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