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In July 2025 Thinking Machines Lab raised about $2 billion in an early-stage round led by Andreessen Horowitz at a $12 billion valuation, months after Mira Murati founded the company and before it released a product.
On 24 August 2023 Hugging Face raised a $235 million Series D led by Salesforce Ventures, valuing the open-model hub at $4.5 billion, more than double its 2022 valuation, with chipmakers and cloud providers among the investors.
In June 2023 Mistral AI, founded two months earlier, raised €105 million in a seed round led by Lightspeed, reported as Europe's largest seed round, before it had released a product.
On 17 October 2022 Stability AI announced $101 million in funding, led by Coatue, Lightspeed Venture Partners and O'Shaughnessy Ventures, to accelerate open AI models across several media.
On 9 May 2022 Hugging Face announced a $100 million Series C round led by Lux Capital, valuing the company at $2 billion; the round was framed as building the GitHub of machine learning.
