# Thinking Machines is reported to discuss $1 billion round at $40 billion valuation

_Published Thursday, September 3, 2026 at 9:07 PM EDT · Capital · Latest · Tier 2 — Notable_

![Thinking Machines is reported to discuss $1 billion round at $40 billion valuation — Primary](https://techcrunch.com/wp-content/uploads/2026/06/Mira-Murati-at-Bloomberg.jpg?w=1024)

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.

## Sources

- [TechCrunch](https://techcrunch.com/2026/09/03/accel-reportedly-in-talks-to-lead-1b-round-for-thinking-machines-at-40b-valuation/)
- [TechCrunch](https://techcrunch.com/2026/09/04/xdof-just-three-months-out-of-stealth-is-in-talks-for-a-series-b-at-a-1-2b-valuation/)

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Canonical: https://techandbusiness.org/newswire/uJQM-Sv29GkWmqwnkyco6X
Published: 2026-09-04T01:07:13.428Z
Story chronology: 2026-09-03T19:36:29.000Z
Retrieved: 2026-10-19T15:26:14.422Z
Publisher: Tech & Business (techandbusiness.org)