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Thinking Machines Lab

AI & Machine Learning · San Francisco, California · Private

Thinking Machines Lab is an AI research and product company developing collaborative, multimodal systems with an emphasis on customization.

$12BReported valuationJuly 2025 seed financing
$2BLatest disclosed financingSeed round
2025FoundedFrontier AI lab
PrivatePublic statusNo IPO announced

The Company

Thinking Machines Lab was founded in 2025 by Mira Murati and a group of former OpenAI researchers and leaders. Its stated ambition is to build multimodal AI that works naturally with people and supports collaborative use, rather than focusing solely on a single consumer assistant.

The company closed a reported $2 billion seed round in July 2025 at a $12 billion valuation. In 2026 it released Inkling, an open-weight model positioned around customization, giving outside observers an early product signal after its initial research-focused period.

Why It Matters

Thinking Machines Lab shows how investors are valuing founder quality, research talent, and AI optionality before a mature commercial business exists. Its progress is relevant to the competitive structure of frontier models, open-weight distribution, and the economics of building a new AI lab.

Valuation History

  1. $12.0B→Jul 2025$2B first round (seed)Source ↗
  2. $40.0B→Sep 2026Reported, unconfirmed: Seeking $1B+ at $40B+Source ↗

What Changed

  1. Mira Murati introduces Thinking Machines Lab and its collaborative-AI mission.

  2. The company closes a reported $2B seed round at a $12B valuation.

  3. Thinking Machines releases Inkling, providing its first visible product and model-distribution signal.

THE NEXT COMPANY. A CLEARER PICTURE.

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