Funding round
Inflection AI Series E
Inflection AI, which works in emotionally intelligent AI development in San Francisco, raised $1.30B in a Series E round announced on 29 Jun 2023, led by Microsoft and Nvidia, at a $4.00B post-money valuation. 5 firms took part, 4 of them already investors. It is Inflection AI's second venture round on record; the one before was a Series A in Apr 2023.
$1.30B
Amount raised
$4.00B
Post-money valuation
$2.70B pre-money
5
Investors
2 leads
33%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Inflection AI at $4.00B after the new money. The $1.30B bought investors about 33% of the company. It came 2 months after Inflection AI's Series A. It is 85% of the $1.52B Inflection AI has raised in the venture rounds on record. No later venture round is on record for Inflection AI.
Inflection AI's funding rounds
Inflection AI has 2 venture rounds on record. This one is highlighted.
- Series A 24 Apr 2023 $225M
- Series E this round 29 Jun 2023, led by Microsoft and Nvidia $1.30B$4.00B post-money
Investors
Who put money in
Microsoft and Nvidia led the round with 3 other firms. Microsoft, CoreWeave, Breakthrough Energy and Innovation Endeavors had backed Inflection AI before.
Lead investors
- Microsoft existing investor
- Nvidia new investor
Also in the round
- CoreWeave existing investor
- Breakthrough Energy backs 113 venture-backed companies existing investor
- Innovation Endeavors backs 110 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
28 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 13 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tomorrow.io Tech Companies | 14 Jun 2023 | $87M | not disclosed | Activate Capital |
| Quantexa Tech Companies | 4 Apr 2023 | $129M | $1.80B | GIC |
| Tech Companies | 13 Apr 2023 | $65M | not disclosed | Dragoneer Investment Group |
| Tech Companies | 10 Aug 2023 | $30M | not disclosed | Wellington Management and ArcTern Ventures |
| Rippling Tech Companies | 21 Mar 2023 | $500M | $11.25B | Greenoaks |
| Mapbox Tech Companies | 19 Sep 2023 | $280M | $1.30B | SoftBank Group Corp. |
| AlphaSense Tech Companies | 28 Sep 2023 | $150M | $2.50B | BOND |
| Tech Companies | 13 Oct 2023 | $51M | not disclosed | Princeville Capital and Citi Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Inflection AI raise in its Series E round?
Inflection AI raised $1.30B in its Series E round, announced in Jun 2023.
Who led Inflection AI's Series E round?
Microsoft and Nvidia led it, with CoreWeave, Breakthrough Energy and Innovation Endeavors.
What was Inflection AI's valuation at the Series E round?
$4.00B post-money ($2.70B pre-money).
How does it compare with other Series E rounds in Tech Companies?
28 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 13 times the median.