TypeSafe AI Raises $870M at $7.5B Valuation for Jev Model
TypeSafe AI raised $870 million in a round led by Andreessen Horowitz, with Sequoia and DCVC participating.
TypeSafe AI, the developer of the Jev AI model, raised $870 million at a $7.5 billion valuation, according to TechCrunch. The funding round was led by Andreessen Horowitz, with participation from Sequoia and DCVC.
TypeSafe AI says a third of Fortune 500 companies are already using Jev. The company claims Jev works faster and uses fewer tokens than large language models.
Jev is not a large language model itself and produces probabilities instead of text, according to the company.
TypeSafe AI was co-founded in 2024 by Diogo Almeida, Sasha Sheng and Erik Gafni. Jev was released on Sept. 15 and went viral almost instantly, according to TechCrunch.
Quick answers
How much did TypeSafe AI raise?
TypeSafe AI raised $870 million at a $7.5 billion valuation.
Who led the funding round?
Andreessen Horowitz led the round, with participation from Sequoia and DCVC.
What is Jev?
Jev is an AI model that produces probabilities instead of text. TypeSafe AI says it is not a large language model.