TypeSafe AI raises $870M at $7.5B valuation for non-text model Jev weeks after launch
TypeSafe AI said it raised $870 million at a $7.5 billion valuation for Jev, a transformer-based model that outputs probabilities rather than text, in a round led by Andreessen Horowitz with Sequoia and DCVC participating. Jev launched on Sept. 15 and the company says a third of Fortune 500 companies are already using it and that it runs faster and uses fewer tokens than LLMs, claims the startup has made about the product.