AI start-up TypeSafe raises $870 million at a $7.5 billion valuation
Its model Jev doesn't write text but returns probabilities for decisions. Just weeks after launch, Andreessen Horowitz is leading the funding round.
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AI start-up TypeSafe AI has raised $870 million at a $7.5 billion valuation, the company announced on October 9. The round is led by Andreessen Horowitz, with participation from Sequoia Capital and existing investor DCVC. Martin Casado is joining the board.
The Jev model only launched on September 15. It uses a transformer architecture but, according to TechCrunch, is not a large language model: instead of text, it returns probabilities that the company calls “calibrated decisions.” TypeSafe says it runs much faster and uses far fewer tokens than language models, and it is meant for automating tasks rather than writing text or code. A third of Fortune 500 companies already use Jev, according to TypeSafe.
TypeSafe was founded in 2024 by Diogo Almeida, a former OpenAI researcher, former Meta research engineer Sasha Sheng and engineer and entrepreneur Erik Gafni. The company plans to use the money to build more “machine-native” models and add features for enterprise customers. Competition comes from OpenAI, whose Decisions API, which also returns typed answers instead of prose, has been in public beta since early October.