“xAI is pleased to announce our Series B funding round of $6 billion with participation from key investors including Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, amongst others,” the company said in a statement.
The funds from the round will be used to take xAI’s first products to market, build advanced infrastructure, and accelerate the research and development of future technologies, the statement added. xAI also said that it “will continue on this steep trajectory of progress over the coming months, with multiple exciting technology updates and products soon to be announced.”
This funding is expected to fuel xAI’s product development, infrastructure advancements, and future AI research.
