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THINKING MACHINES LAB
Thinking Machines Lab
Artificial intelligence — foundation models and fine-tuning infrastructure · San Francisco · United States · Founded · 2025 · ≈ · 100 · employees

Thinking Machines Lab Company Profile

Private

Founded in 2025, Thinking Machines Lab operates in artificial intelligence — foundation models and fine-tuning infrastructure. Its latest valuation stands at $12B. The stock is not listed on any public market.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Thinking Machines Lab at a glance
Last valuation
$12B
POST-MONEY · JUL 2025
Raised across rounds
$2B
2 rounds
IPO status
Private
no listing announced
Nearest Canborsa market
NVDA—
NVDA-PERP · live
Valuation history

Thinking Machines Lab valuation history

1 valuation. The latest, $12B post-money, was set by the Seed / initial funding round in Jul 2025.

Latest valuation
$12Bpost-money
Set by the Seed / initial funding round · 15 Jul 2025
Valuations
1
Priced rounds with a valuation
Event type
Primary round
The Seed / initial funding round · $2B raised
Funding history

Thinking Machines Lab funding rounds — every disclosed raise

Round
Date
Amount
Valuation
Lead investors
Δ valuation
Seed / initial funding round
Jul 2025
$2B
$12B
Andreessen Horowitz
—
Strategic investment
Mar 2026
—
—
NVIDIA
—
Thinking Machines Lab · investors

Investors

NVIDIALEADAndreessen HorowitzLEADAMDCiscoJane StreetGGovernment of Albania
Will Thinking Machines Lab IPO?
Founded
2025
Jul 2025
Seed / initial funding round · $12B
Mar 2026
Strategic investment
IPO
Not announced
No filing has been made.
Thinking Machines Lab — the private market
Last valuation$12B · post-money · Jul 2025
Total raised$2B
Lead investors
NVIDIAAndreessen Horowitz
IPO statusNot announced
Founded · HQ2025 · San Francisco · United States
Employees≈ 100
Next price updatethe next funding round or secondary sale
Between roundsno daily price and no order book
About Thinking Machines Lab

Thinking Machines Lab is an artificial intelligence research and product company founded by former OpenAI CTO Mira Murati, alongside OpenAI alumni including John Schulman, Barret Zoph and Lilian Weng. Its flagship products are Inkling, a 975-billion-parameter open-weights large language model released in July 2026, and Tinker, an API that lets developers fine-tune open-weight models such as Qwen and Nemotron without managing distributed computing.

Founded in February 2025 and headquartered in San Francisco's Mission District, the company is structured as a public benefit corporation and employed about 100 people by 2026. Inkling was described as the largest and most powerful open-weights model released outside China at the time, exceeding Nvidia's Nemotron 3 Ultra.

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How to get Thinking Machines Lab exposure today

1Funds that hold private namesPublic wrappers

Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds Thinking Machines Lab.

Often trade at a premium or discount to NAV.

Any brokerage account
2Secondary marketplacesPrivate shares

Platforms match existing holders with buyers. Thinking Machines Lab availability at any moment is set by the holders.

High minimums, transfer approval, company right-of-first-refusal.

Accredited only
3Follow the companyCompanies directory

Valuations, rounds and IPO status for every company in the directory — Thinking Machines Lab included.

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Thinking Machines Lab stock — frequently asked questions

Who has invested in Thinking Machines Lab?›

Lead investors for each round are in the funding timeline.

Who are Thinking Machines Lab's competitors?›

The closest artificial intelligence — foundation models and fine-tuning infrastructure peers are on the competitors page.

How can I get exposure to Thinking Machines Lab?›

The routes section explains what is realistically available for a company at this stage.

Is Thinking Machines Lab publicly traded?›

No. Thinking Machines Lab is a private company; its shares do not trade on a public exchange.

What is Thinking Machines Lab's valuation?›

The last valuation is $12B.

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