xAI (Series B)
Funding Details
- Awarder
- Inbox
- Date Award
- November 27, 2024
- Vertical
- Artificial Intelligence
- Funding URL
- View Funding Page
- Premoney Valuation
- $45,000,000,000
- Valuation
- $50,000,000,000
- Funding Amount:
- $5,000,000,000
Company Info
- Founding Year
- 2023
- Traction
- xAI is set to close a new $5bn fundraising round, doubling its valuation to $50bn in just six months.
- Founders
- Elon Musk
- Company Description
- xAI is an artificial intelligence company founded by Elon Musk to develop advanced AI models and compete with rivals such as OpenAI and Anthropic. The company is rapidly growing and has raised significant funding to support its ambitious projects.
- Market
- AI Development
- Location
- San Francisco, California, USA
- Coinvestors
- Fidelity, Oracle, Larry Ellison, Prince Alwaleed bin Talal, Jack Dorsey, Sequoia Capital, Andreessen Horowitz