Position in SVTR
Snapshot 2026-11-04- Startup SignalsRankedof 2,318↓70
- Foundation ModelsRankedof 39–
- Open SourceRankedof 57–
- MLOps Toolchain#10of 10
About
Thinking Machines Lab, founded in 2024 in San Francisco, USA, is a startup focused on building open-source AI tools for researchers and custom model developers.
Full tier & rationale — an SVTR Intelligence benefit
Capital graph
Funding history
- 2025-07Seed$2.0B
Investors · Andreessen Horowitz, Jane Street, Accel, AMD Ventures, Cisco Investments, NVIDIA, ServiceNowSource · techcrunch.com ↗
Comparable companies· by market
This company
BusinessLatest roundTotal raisedDate- Thinking Machines Lab
Frontier AI research and customizable model tools
Seed · $2.0B · 2025-07
$2.0B
United States
BusinessLatest roundTotal raisedDate- ReflectionAI
Open-weight frontier large model (Beam, a 501B-parameter MoE for coding, reasoning and agentic tasks…
Undisclosed · 2025-10 · Valuation $8.0B
—Valuation $8.0B - Resect AI
Real-time detection and correction of internal LLM behaviors that cause hallucinations during generation, with logs for enterprise compliance audits
Undisclosed · 2026-09
— - RocketRide
Open-source AI pipeline and agent workflow runtime AIDE and hosted RocketRide Cloud for teams and enterprises building production AI apps…
—
China
BusinessLatest roundTotal raisedDate- Stepfun
General-purpose large model and multimodal AI company developing the Step series of language, speech and multimodal/GUI models
Pre-IPO · $3.3B · 2026-05
$3.3B - MiniMax
Large model company; products include Talkie, Hailuo AI and Xingye AI, monetized through advertising and subscriptions
IPO · $2.3B · 2026-01 · Valuation $6.5B
$2.3BValuation $6.5B - Zhipu AI
Development of the GLM series of foundation models and ToC/ToB large model services
IPO · $2.2B · 2026-01
$2.2B
Europe
BusinessLatest roundTotal raisedDate- Mistral AI
Develops open-weight large language models and provides supporting compute infrastructure…
Series D+ · 2026-09 · Valuation $24B
—Valuation $24B - Langfuse
Open-source observability, evaluation and prompt management platform for LLM applications.
$4M
$4M - H
Computer-use AI agent platform for large European enterprises.
Seed · $220M · 2024-05
$220M
Other / unspecified
BusinessLatest roundTotal raisedDate- Cohere
Platform company that builds general-purpose and vertical large models for enterprises
Series D+ · $1.8B · 2026-10 · Valuation $26B
$1.8BValuation $26B - UkisAI
Trains and open-sources efficient reasoning LLMs (Swift series), and provides custom AI solutions and AI training for enterprises
— - AI21 Labs
Provides developers with customized text-based business applications built on AI21's proprietary AI models
Series D+ · $508M · 2025-05 · Valuation $1.4B
$508MValuation $1.4B
Confirmed rounds only. Matched on subsector, sector, stage and funding scale — each verifiable on the company profiles.
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