TypeSafe AI raises $870m Series A at a $7.5bn valuation, three weeks after its $40m seed

Bloomberg reported on 9 October, and TypeSafe and Andreessen Horowitz confirmed, that TypeSafe AI has raised $870m at a $7.5bn valuation. a16z led, with Sequoia Capital, existing investor DCVC and angel investors participating, and a16z general partner Martin Casado is joining the board. The round came only about three weeks after the company emerged from stealth with a $40m seed led by DCVC, which Matt Ocko of DCVC says took the valuation from roughly $200m to $7.5bn. TypeSafe builds machine-native models for software; its first model, Jev, is used by about a third of the Fortune 500 according to the company, and a16z says it reached one trillion tokens generated within three days of launch.