TypeSafe AI raises $870M at a $7.5B valuation to scale Jev
TypeSafe a Raises $870M at a $7.5B
TypeSafe AI has raised an $870 million Series A led by Andreessen Horowitz, with Sequoia Capital, DCVC, and angel investors participating, at a $7.5 billion valuation. The company says a third of the Fortune 500 already use its Jev models, which have saved customers millions in production. The funding will expand machine-native models, enterprise features, and developer infrastructure.
We’ve changed the path of AI, and we intend to keep cooking.
- armcat
It's weird because two days after Jev was released there were a dozen decision models, a week later there are several dozen, mostly open source, OpenAI's own Decisions API [1] beats it, and you can easily finetune your own [2]. But as others have pointed out, this doesn't matter.
EDIT: As I wrote this Microsoft just released their own Decision-1 model [3].
[1] https://developers.openai.com/api/docs/guides/decisions
[2] https://unsloth.ai/docs/basics/train-your-own-decision-model...
[3] https://commandline.microsoft.com/microsoft-decision-1-model...
- christina97
Everyone appears surprised by this news. It’s clear that they don’t have a product with some incredible moat. But they clearly have good engineering and product people that came up with a product people wanted. On top of that they have very strong marketing muscle that took the AI world by storm. And as far as I’ve seen, they still lead in some part of the latency-quality (-cost) curve?
They may well be a good team to throw money behind if you are hoping to bet on a new AI lab.
- prometheus1992
I really don't understand how this can be. I have sat in fund raising meetings with VCs in toronto and my experience is that there is shit ton of due diligence at the tech level. a product which has no moat, was already available, was duplicated within a couple of days is valued at 7B - i thought we were past the peak of the hype cycle.
- dvt
Is Jev being astroturfed on HN? It certainly feels like it. It's a middling product with virtually no moat (but great marketing).
- dovin
Jev does seem to have become the Kleenex of decision models. Is brand recognition worth $7.5B? There are lots of other decision models out there that perform at or near jev-level (laya, gliner 2.5 decide, even embedding gemma 2) that you can also run locally, and honestly I think this kind of model makes the most sense running locally as well. Maybe if TypeSafe can ship fast they can stay the default. Guess we'll find out.
- maherbeg
Has anyone actually eval'd the other open source options against Jev on real world tasks rather than looking at benchmarks?
I see a lot of people parroting the quick open source alternatives as being better on the benchmarks, but it's such a new category that I'm not convinced we have solid benchmarks.
I'm hoping a company releases an internal eval benchmark for these options. I'm sure some of the open source ones are solid in some cases, but would love to see more reliable data.
- jacobgold
Whether they can compete on decision models or not, TypeSafe showed that a lot of the market had missed something important. With this much money, they have a lot more chances to discover other important things that are missing.
- minimaxa
No one finds it strange that every defector from Opensi gets half a billion dollars in funding and already has a third of Fortune 500 companies paying for their product in a few weeks with a product that's already been replicated 10 times very easily?
OK, I'm jealous... Lol