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Series B

Equity
$6Braised
$24Bpost-money valuation
Company
Lead Investor
Valor Equity Partners
Date
May 2024
Source
Notes

Series B round of $6 billion at a $24 billion post-money valuation (pre-money was $18B per Musk). Investors include Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Co., Prince Alwaleed Bin Talal and Kingdom Holding, among others.

Other Rounds by xAI

5
RoundRaisedValuationLead InvestorDate
Series E(equity)$20B$230BJan 2026
Debt Financing(convertible_note)$5BMorgan StanleyJul 2025
Series D(equity)$5BJul 2025
Series C(equity)$6B$50BDec 2024
Seed(equity)$135MDec 2023
Series B | Funding Rounds | Longterm Wiki