🇺🇸Thinking Machines Lab entered talks to raise approximately $1 billion at an estimated $40 billion valuation.

Thinking Machines Lab was reported to be discussing a financing of approximately $1 billion at a valuation of around $40 billion. The source characterized the transaction as talks, not a completed or contractually committed financing.

The supplied reports attributed the information to The Information. They did not identify prospective investors, a lead investor, the financing instrument, or whether the approximately $40 billion figure represented a pre-money or post-money valuation.

No information was provided on dilution, liquidation preferences, governance rights, use of proceeds, or closing conditions. Accordingly, the reported figures describe the contemplated fundraising terms rather than capital already received by the company.