TypeSafe AI raises $870 million at $7.5 billion valuation
TypeSafe AI raised $870 million at a $7.5 billion valuation, according to TechCrunch. The financing follows the September 15 release of Jev, its transformer based model for producing probability based decisions instead of text.
Andreessen Horowitz (a16z) led the round. Sequoia Capital and existing investor DCVC also participated.
TypeSafe AI says Jev completes automation tasks faster and uses fewer tokens than large language models. The company also says one third of Fortune 500 companies are already using the model.
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