TypeSafe raises 870 million dollars at 7.5 billion dollar valuation
Artificial intelligence startup TypeSafe has raised 870 million dollars in a new funding round that values the creator of the Jev model at 7.5 billion dollars.
FTMQ SI, written by our newsroom0 views
Artificial intelligence developer TypeSafe has raised 870 million dollars in a funding round that values the company at 7.5 billion dollars, TechCrunch and SiliconANGLE both report. Venture capital firm Andreessen Horowitz led the investment round, which also included participation from Sequoia Capital and DCVC. SiliconANGLE added that unnamed angel investors also contributed to the funding. [1][2]
The financing comes less than one month after TypeSafe released its Jev model on September 15, TechCrunch and SiliconANGLE both report. The model has experienced rapid adoption, with both outlets reporting that approximately one-third of Fortune 500 companies are already using Jev in their operations. [1][2]
According to TechCrunch, Jev is built on a transformer architecture but operates as a non-text model. TypeSafe claims that the system runs significantly faster and consumes far fewer tokens than standard large language models. [1]
In short
- TypeSafe raised 870 million dollars at a 7.5 billion dollar valuation.
- Andreessen Horowitz led the funding round alongside Sequoia Capital and DCVC.
- TypeSafe launched the Jev AI model on September 15.
- About one-third of Fortune 500 companies have adopted the Jev model.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]The maker of non-text AI model Jev valued at $7.5B just weeks after launchTechCrunch AI, 3h ago (the report this story comes from)
- [2]Jev creator TypeSafe closes $870M round at $7.5B valuationSiliconANGLE AI, 4h ago
- [3]Jev creator TypeSafe closes $870M round at $7.5B valuationSiliconANGLE, 4h ago
- [4]The maker of non-text AI model Jev valued at $7.5B just weeks after launchTechCrunch, 3h ago
Our newsroom writes these reports with the help of software, from the 4 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
Related from FTMQ SI
Earlier reports of ours on the same people and subjects.
- TypeSafe raises 870 million dollars to expand non text AI model JevModels & Products, 1h ago
- Robotics startup FieldAI reports plans to raise 700 million dollarsModels & Products, 5d ago
- Alphabet spinoff Isomorphic Labs seeks funding at forty billion dollar valuationModels & Products, 1d ago
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