Round · Equity Round · Announced
xAI Series B
xAI announced a $6 billion Series B round with investors including Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital and Fidelity Management & Research Company.
- Series B equity
- $6B
- Announced · xAI
Amounts
Each number with its type, status and the sentence it comes from
| Amount | Value | Status | Source |
|---|---|---|---|
Series B equityEquity raised · to xAI“xAI is pleased to announce our series B funding round of $6 billion.” | $6B | Announced | xAI ↗ |
Participants
Amounts per investor are shown only when a source states them
| Organization | Role | Type | Note |
|---|---|---|---|
| xAI | Issuer | AI lab | — |
| Andreessen Horowitz | Investor | Venture capital | — |
| Sequoia Capital | Investor | Venture capital | — |
| Fidelity | Investor | Asset manager | Named as Fidelity Management & Research Company |
Key terms
- Named investors
- Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, among others. xAI ↗
“Our Series B funding round of $6 billion with 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, amongst others.”
- Use of funds
- xAI said it would use the money to bring its first products to market, build infrastructure and fund research. xAI ↗
“The funds from the round will be used to take xAI's first products to market, build advanced infrastructure, and accelerate the research and development of future technologies.”
Sources
- xAI, “Series B funding round”, May 26, 2024 · retrieved Oct 21, 2026
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