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Update
What changedThe Information reports that TypeSafe AI, developer of decision-focused model Jev, is in talks to raise at least $1bn at a valuation of $10bn or more. The discussions are early and could change, so this is investor appetite rather than a completed financing.
The reported target would represent a dramatic jump from TypeSafe’s recently announced $40m seed round, which PitchBook valued at about $200m. That would put the proposed valuation roughly 50 times above the previous figure, assuming both numbers are comparable and the reported terms hold.
The update matters because it turns Jev’s early developer buzz into a much larger funding question.
Sources and evidence- Sources: Jev developer TypeSafe is in talks to raise $1B+ at a $10B+ valuation; last week the startup announced a $40M seed, PitchBook says at a $200M valuation (The Information): The Information reports that TypeSafe AI is in early talks to raise $1bn or more at a valuation of at least $10bn, after announcing a $40m seed round reportedly valued at about $200m by PitchBook.
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