The IPO of the year!

xAI IPO

 xAI is a company working on building artificial intelligence to accelerate human scientific discovery. A Company guided by its mission to advance our collective understanding of the universe.

Notable Investors

Valor Equity Partners

Valor Equity Partners is an operational growth investment firm that focuses on growth companies across various stages of development.

Sequoia Capital

Sequoia Capital is a VC firm that invests in startups in the energy, financial, enterprise, healthcare, internet, and mobile industries.

Fidelity Management & Research Company

Fidelity is a privately-owned investment manager focusing on a diverse set of customers.

Prince Alwaleed Bin Talal and Kingdom Holding

The Kingdom Holding Company is a Saudi conglomerate holding company based in Riyadh. The Kingdom Holding Company is a publicly listed company on the Tadawul.

The IPO

 

6 Billion Funding round

xAI is delighted to announce the successful completion of our Series B funding round, securing a substantial $6 billion in investment. This round saw enthusiastic 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, alongside others. This significant milestone underscores the confidence in xAI’s vision and technological advancements. Since our inception in July 2023, xAI has achieved remarkable progress, notably with the launch of Grok-1 on X in November and the recent breakthroughs with Grok-1.5, which include enhanced long context capabilities and image understanding in Grok-1.5V. The release of Grok-1 as an open-source model has catalyzed innovation across diverse applications, optimizations, and extensions. Looking ahead, the funds from this round will empower xAI to bring our pioneering products to market, strengthen our advanced infrastructure, and accelerate research and development initiatives aimed at shaping the future of AI technology. We are committed to building advanced AI systems that are transparent, capable, and universally beneficial, continuing to push boundaries in AI for the betterment of humanity.

Understand the Universe

xAI is dedicated to pioneering artificial intelligence that accelerates human scientific discovery. Our mission is rooted in advancing our collective understanding of the universe, driving us to develop cutting-edge technologies that push the boundaries of what’s possible. To get involved in the IPO from the ground level, register your interest below!

""The IPO of XAI represents not just a financial milestone, but a leap into the future of artificial intelligence, where transparency and accountability lead the way.""

– Elon Musk –

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