Inflection AI Raises $1.3 Billion in Funding

by Kay Aloha Villamor in June 30th, 2023

Inflection AI, a Palo Alto, CA-based AI studio creating a personal AI for everyone, announced that it raised $1.3 billion in a fresh round of funding.

The round was led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and new investor NVIDIA. The new funding brings the total raised by the company to $1.525 billion.

Along with its partners CoreWeave and NVIDIA, Inflection AI is building the largest AI cluster in the world, comprising 22,000 NVIDIA H100 Tensor Core GPUs.

In just over a year, Inflection AI has developed one of the most sophisticated large language models in the market to enable people to interact with Pi, your Personal AI (, in the most simple, natural way and receive fast, relevant, and helpful information and advice.

The funding will support the company’s continued work to build and design Inflection’s first product, launched in May. A new class of AI, Pi is designed to be a kind and supportive companion offering text and voice conversations, friendly advice, and concise information in a natural, flowing style.

“Personal AI is going to be the most transformational tool of our lifetimes. This is truly an inflection point. We’re excited to collaborate with NVIDIA, Microsoft, and CoreWeave as well as Eric, Bill and many others to bring this vision to life,” said Mustafa Suleyman, CEO and co-founder of Inflection AI.

Company: Inflection AI, Inc.

Raised: $1.3B

Round: Unknown 

Funding Month: June 2023

Lead Investors: Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and NVIDIA

Additional Investors:

Company Website:

Software Category: Conversational AI

About the Company: Founded in early 2022 by Mustafa Suleyman, Karén Simonyan, and Reid Hoffman, Inflection AI is an ‘AI Studio’ specializing in creating personal AIs. Inflection AI first AI is called Pi, for personal intelligence, a supportive and empathetic conversational AI. Inflection AI’s mission is to make personal AIs available to every person in the world. The company is set up as a Public Benefit Corporation, and the Inflection AI team includes some of the industry’s top AI experts who previously worked at DeepMind, Google, Microsoft, OpenAI, and Meta. The company is based in Palo Alto, CA.




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