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TypeSafe raises 870 million dollars for its Jev artificial intelligence model
TypeSafe has secured 870 million dollars in a new funding round that values the startup at 7.5 billion dollars following the rapid adoption of its non-text AI model.
FTMQ Tech, written by our newsroom0 views
Artificial intelligence startup TypeSafe has raised 870 million dollars in a funding round that values the company at 7.5 billion dollars, TechCrunch and SiliconANGLE reported. The investment round was led by Andreessen Horowitz, with participation from Sequoia Capital, DCVC, and unnamed angel investors. [1][2]
The funding comes less than a month after TypeSafe released its Jev artificial intelligence model on September 15. TechCrunch and SiliconANGLE both report that about one third of Fortune 500 companies have already adopted the new model. [1][2]
TypeSafe claims that Jev operates significantly faster and uses far fewer tokens than standard large language models, according to TechCrunch. TechCrunch also reported that while Jev is built on a transformer architecture, it is not a large language model. [1]
In short
- TypeSafe raised 870 million dollars at a 7.5 billion dollar valuation.
- The funding round was led by Andreessen Horowitz alongside Sequoia Capital and DCVC.
- TypeSafe launched its Jev artificial intelligence 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, 25d ago (the report this story comes from)
- [2]Jev creator TypeSafe closes $870M round at $7.5B valuationSiliconANGLE, 25d ago
Our newsroom writes these reports with the help of software, from the 2 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.
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