Thinking Machines revenue and valuation
Specter estimates Thinking Machines' annual revenue at $76M to $124M and its valuation at $9.98B to $14.4B. The company was priced at $12B in November 2026.
- Estimated revenue
- $76M–$124M
- Estimated valuation
- $9.98B–$14.4B
- Total funding
- $7.01B
- Founded
- 2025
- Headquarters
- San Francisco, United States
- Employees
- 241
Thinking Machines revenue
Specter's model puts current revenue between $76M and $124M.
Monthly data
| Month | Specter estimate | Low | High | Reported revenue |
|---|---|---|---|---|
| $97M | $76M | $124M | ||
| $100M | $83M | $120M | ||
| $100M | $79M | $127M | ||
| $100M | $73M | $137M | ||
| $100M | $70M | $142M | ||
| $84M | $25M | $143M | ||
| $97M | $22M | $172M | ||
| $88M | $25M | $150M | ||
| $89M | $26M | $152M | ||
| $88M | $26M | $151M | ||
| $100M | $38M | $162M | ||
| $100M | $52M | $193M | ||
| $86M | $34M | $138M | ||
| $71M | $23M | $118M | ||
| $76M | $25M | $126M | ||
| $64M | $21M | $107M | ||
| $55M | $14M | $97M | ||
| $12M | $4.7M | $19M | ||
| $19M | $7.8M | $30M | ||
| $16M | $7.5M | $24M |
Thinking Machines valuation
Thinking Machines was valued at $12B at its Seed in November 2026. Specter's live estimate sits between $9.98B and $14.4B.
Monthly data
| Month | Specter estimate | Low | High | Reported valuation |
|---|---|---|---|---|
| $12B | $9.98B | $14.4B | ||
| $12B | $8.02B | $18B | ||
| $12B | $8.33B | $17.3B | ||
| $12B | $8.66B | $16.6B | ||
| $12B | $9B | $16B | ||
| $12B | $9.24B | $15.6B | ||
| $12B | $9.66B | $14.9B | ||
| $12B | $9.98B | $14.4B | $12B (press) | |
| $12B | $9.95B | $14.5B | ||
| $12B | $9.98B | $14.4B | $12B (press) | |
| $10B | $8.32B | $12B | $10B (press) | |
| $12B | $9.98B | $14.4B | $12B (press) | |
| $12B | $9.98B | $14.4B | $12B (press) | |
| $12B | $9.98B | $14.4B | $12B (press) | |
| $12B | $9.98B | $14.4B | $12B (press) | |
| $11B | $9.15B | $13.2B | $11B (press) | |
| $12B | $9.98B | $14.4B | $12B (round) | |
| $5.5B | $4.58B | $6.62B | $10B (press) | |
| $6.2B | $1.36B | $28.3B | ||
| $5.31B | $1.26B | $22.5B |
Thinking Machines funding rounds
| Date | Round | Raised | Post-money valuation | Lead investors |
|---|---|---|---|---|
| Seed | $5B | $12B | Accel | |
| Corporate round | Undisclosed | Undisclosed | NVIDIA | |
| Seed | $2B | $12B | Andreessen Horowitz | |
| Grant | $9.98M | Undisclosed | Ministry of Economy, Culture and Innovation |
Thinking Machines competitors
The AI development market is a battle between proprietary frontier models and open-source infrastructure.
| Company | Revenue | Valuation |
|---|---|---|
| $76M–$124M | $9.98B–$14.4B | |
| $2.03B–$4.56B | No estimate | |
| $32M–$49M | $1.25B–$1.8B | |
| $32M–$115M | $9.98B–$14.4B | |
| $23M–$320M | $7.18B–$15.8B |
Thinking Machines revenue and valuation FAQ
What is Thinking Machines' revenue?
Specter estimates Thinking Machines' annual revenue at $76M to $124M as of October 2026.
What is Thinking Machines' valuation?
Thinking Machines' latest post-money valuation is $12B, from a November 2026 Seed. Specter's live estimate is $9.98B to $14.4B.
How much funding has Thinking Machines raised?
$7.01B across four rounds, from a $9.98M grant in May 2025 to a $5B Seed in November 2026.
Who invested in Thinking Machines?
12 investors, including Accel, Andreessen Horowitz, Ministry of Economy, Culture and Innovation and NVIDIA.
Who are Thinking Machines' competitors?
Google DeepMind, Nousresearch, Poolside and Reflection. Specter ranks 30 competitors for Thinking Machines.