Inflection AI develops 'personal AI' products and has launched Pi, an AI-powered messaging assistant intended to provide friendly, supportive, interest-based advice. The company disclosed Inflection-1 as the model behind Pi and says it is competitive with GPT-3.5 and PaLM-540B on many benchmarks, though it lags on coding compared with GPT-3.5 and GPT-4. CEO Mustafa Suleyman says the new capital will support building and designing Pi as the company’s first product. Inflection operates with a small team of around 35 employees and has kept a relatively low public profile. The company is based in Palo Alto, California. Financially, the latest tranche brings its total capital raised to $1.525 billion and values the company at $4 billion. Inflection AI is developing AI-powered interfaces intended to let people communicate with computers without simplifying their ideas. The company has kept a low public profile while articulating a goal of enabling humans to “talk” to machines using near–human-level language generation. An SEC filing shows Inflection recently secured $225 million in equity financing, though the filing does not disclose investors. CEO Mustafa Suleyman has said the firm expects advances in AI could enable its product vision within about five years. Inflection has recruited AI talent from Google and Meta as it builds models and products, underscoring talent-driven hiring. The company faces high development costs and a competitive landscape that includes startups like Adept and research from DeepMind. Reports of past allegations about Suleyman’s conduct at Google/DeepMind have also drawn scrutiny around the company.

Total raised

$1.5B

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2023