Mira Murati’s AI Lab Nets $2B, Valued at $10B Despite No Product

- Secures substantial backing from top investors - Achieves significant valuation without a public product 2025-06-21 On June 21, 2025, Financial Times reported that Mira Murati's Thinking Machines Lab secured $2 billion in seed funding, valuing the AI company at $10 billion. Andreessen Horowitz led the funding round, with Sarah Guo's Conviction Partners also participating. Although the company emerged from stealth in February 2025, it has not yet released a public product, roadmap, or detailed business model. Murati's reputation and her previous OpenAI experience, where she spearheaded projects like ChatGPT and DALL-E, largely drove this significant funding. Thinking Machines Lab has assembled a high-profile team, which includes former OpenAI colleagues such as co-founder John Schulman (Chief Scientist) and former Vice Presidents Barret Zoph (CTO), Lilian Weng, and Nikki Sommer. The Information first reported that Mira Murati holds significant control over the company, with her voting power on the board surpassing that of all other directors combined. The company's mission is to make AI systems more widely understood, customizable, and generally capable, and through this work, the company also aims to potentially advance towards artificial general intelligence (AGI). This funding, one of the largest early-stage rounds in the technology sector, highlights intense investor interest in proven AI talent, despite the absence of a launched product.