xAI Overview
- Year Founded
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2023
- Status
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Private
- Employees
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100
- Latest Deal Type
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Later Stage VC
- (Rumor/Speculation)
- Latest Deal Amount
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$20B
- Investors
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118
xAI General Information
Description
Developer of an artificial intelligence platform designed to accelerate human scientific discovery. The company's platform facilitates a tool that assists humanity in its quest for understanding and knowledge, processes long contexts within its context window, and reasons about interleaved natural language and images, enabling clients to utilize information from substantially longer documents and advance the collective understanding of the universe.
Contact Information
Website
www.x.aiCorporate Office
- 1450 Page Mill Road
- Palo Alto, CA 94304
- United States
Corporate Office
- 1450 Page Mill Road
- Palo Alto, CA 94304
- United States
xAI Timeline
xAI Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 7. Later Stage VC | $20B | Rumor/Speculation | Generating Revenue | |||
| 6. Later Stage VC | 01-Jul-2025 | Completed | Generating Revenue | |||
| 5. General Corporate Purpose | 20-Jun-2025 | Completed | Generating Revenue | |||
| 4. Later Stage VC | 30-May-2025 | Completed | Generating Revenue | |||
| 3. Later Stage VC (Series C) | 20-Nov-2024 | Completed | Generating Revenue | |||
| 2. Early Stage VC (Series B) | 26-May-2024 | $6B | $6.13B | Completed | Generating Revenue | |
| 1. Early Stage VC (Series A) | 11-Jan-2024 | $135M | $135M | Completed | Generating Revenue |
xAI Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate ($) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series C | ||||||||
| Series B | ||||||||
| Series A-1 | 1,000,000,000 | $0.001000 | $0.05 | $1 | $1 | 1x | $1 | 21.15% |
| Series A | 1,000,000,000 | $0.001000 | $0.05 | $1 | $1 | 1x | $1 | 21.15% |
VC Exit Predictor
See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.
Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
Evaluates the likelihood of a successful exit for investors, and the most likely exit type.
xAI Comparisons
Industry
Financing
Details
xAI Competitors (4)
One of xAI’s 4 competitors is Anthropic, a Venture Capital-Backed company based in San Francisco, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Anthropic | Venture Capital-Backed | San Francisco, CA | ||||
| OpenAI | Venture Capital-Backed | San Francisco, CA | ||||
| Voicera (Business/Productivity Software) | Venture Capital-Backed | Eau Claire, WI | ||||
| Datameer | Venture Capital-Backed | San Francisco, CA |
xAI Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
News about xAI
Dive into recent articles by PitchBook offering invaluable insights and context.
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NEWS | Mar 28, 2025
Elon Musk's xAI acquires X
The all-stock deal values xAI at $80 billion and X at $33 billion.
-
NEWS | Jun 12, 2025
Musk's X.AI Corp. sets price talk on $5B loan, bond offering to yield lofty 12%-plus
Morgan Stanley is lead left for the offering, and commitments are due on June 17.
-
NEWS | May 28, 2025
$10B fund signals the scale of Saudi's lofty AI ambitions
Saudi state-backed AI company Humain is raising a $10 billion VC fund to help reshape the kingdom as an AI hub.
-
NEWS | May 9, 2025
Brookfield put VC funds 'out to pasture' after real estate losses, lawsuit claims
Josh Raffaelli, former head of venture growth investing at Brookfield, is suing the firm for wrongful termination.
-
NEWS | May 5, 2025
With Softbank's billions on the line, OpenAI scuttles full for-profit transition
The SoftBank-led record $40 billion funding round was contingent on a shift in corporate structure
xAI Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
xAI Investors (118)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Morrison Seger | Venture Capital | Minority | ||
| Pittco Management | Family Office | Minority | ||
| 1789 Capital | PE/Buyout | Minority | ||
| Auspicious Fund | Venture Capital | Minority | ||
| Bali Venture Partners | Venture Capital | Minority |
xAI Investments & Acquisitions (3)
xAI’s most recent deal was a Merger/Acquisition with X (Social/Platform Software) for . The deal was made on 28-Mar-2025.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| X (Social/Platform Software) | 28-Mar-2025 | Merger/Acquisition | Social/Platform Software | ||
| Hotshot (Movies, Music and Entertainment) | 14-Mar-2025 | Merger/Acquisition | Movies, Music and Entertainment | ||
| xAI (100,000 Square Meters of Land in Memphis, Tennessee) | 07-Mar-2025 | Corporate Asset Purchase | Buildings and Property |
xAI Affiliates
Subsidiaries (1)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| X (Social/Platform Software) | Bastrop, TX | 2006 |
xAI FAQs
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When was xAI founded?
xAI was founded in 2023.
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Where is xAI headquartered?
xAI is headquartered in Palo Alto, CA.
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What is the size of xAI?
xAI has 100 total employees.
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What industry is xAI in?
xAI’s primary industry is Business/Productivity Software.
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Is xAI a private or public company?
xAI is a Private company.
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What is xAI’s current revenue?
The current revenue for xAI is .
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How much funding has xAI raised over time?
xAI has raised $17.1B.
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Who are xAI’s investors?
Morrison Seger, Pittco Management, 1789 Capital, Auspicious Fund, and Bali Venture Partners are 5 of 118 investors who have invested in xAI.
-
Who are xAI’s competitors?
Anthropic, OpenAI, Voicera (Business/Productivity Software), and Datameer are competitors of xAI.
Data Transparency
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