xAI raises $6B Series B at a $24B post-money valuation

xAI

xAI announced a $6 billion Series B from Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity and Kingdom Holding. The funding will take first products to market, build infrastructure and fund research at a $24 billion post-money valuation.

• Series B investors include Valor Equity Partners, Vy Capital, a16z, Sequoia Capital and Fidelity.
• Follows November 2023 release of Grok-1, then Grok-1.5 and Grok-1.5V with image understanding.
• Funds directed to product launch, advanced infrastructure and accelerating R&D.
• Valuation reflects investor confidence following early model releases and infrastructure buildout.