It has raised £1.3bn in funding and is valued at $4bn. This has happened less than 2 months after the launch of Chatbot Pi.
CEO Mustafa Suleyman said the company's core thesis is that "conversation is the new interface". CNBC paraphrased declaring Inflection would make it "easier for humans to communicate with computers".
Reid Hoffman of LinkedIn fame, who has a deeply technical background, is a backer (Reid was also a founding investor in Open AI), and teaches the Stanford University class "Blitzscaling".
The latest funding round puts Inflection in the category of 4th largest AI funding round to date, the largest being OpenAI which raised $10bn in Jan 2023.
Earlier big bucket rounds include Argo AI at $2.6bn in December 2019 (a former autonomous vehicle company backed by Ford and Volkswagen) and Cruise (autonomous vehicle firm, run by Kyle Vogt who doubles as CEO and CTO) at $2bn in Jan 2021. HK AI provider SenseTime kicked off the trend in September 2018 with a $1bn funding round.
For Cruise, things are a little more complicated as it operates as a subsidiary of General Motors and hence has sizable credit facilities from its parent company in addition to regular funding.
