# xAI funding: rounds and investors > xAI has raised $81B across 13 rounds since 2014. Investors include Valor Equity Partners, Sequoia Capital and Andreessen Horowitz. Every round with its source. Source: https://millionrounds.com/company/xai (Millionrounds; every figure on the page links to its filing or article) United States · [Series E startup](https://millionrounds.com/companies) # Who invested in *xAI* 13 rounds we have observed, with the 42 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. AI Construction Generative AI Raised 9 months ago Valuation: $24B, Oct 2024 Follow xAI and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fxai) Funding summary Updated 5 Nov 2026 **$81B** raised across 13 rounds since 2014, from 27 sources **$20B** Growth **$20B** Series E - **Latest round:** Series E, $3.0B Feb 2026 - **Led by:** HUMAIN - **Biggest round:** $20B Series E · Oct 2025 - **Investors:** 42 (4 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2014 2016 2018 2020 2022 2024 2026 **$2.1M** Seed **$9.2M** Series A **$23M** Round **$10M** Series B **$5.0B** Series B **$6.0B** Series C **$3.0B** Series E - **First round:** Seed, $2.1M - **Biggest round:** $20B - **Usual gap between rounds:** 3 months ## The rounds - **Feb 2026** Series E **$3.0B** *1 new* [HUMAIN](https://millionrounds.com/fund/humain) Lead Reported by Ventureburn - **Oct 2025** Series E **$20B** *5 new* *7 returning* [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) Lead [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Fidelity](https://millionrounds.com/fund/fidelity) [BlackRock](https://millionrounds.com/fund/blackrock) [NVIDIA](https://millionrounds.com/fund/nvidia) [Cisco](https://millionrounds.com/fund/cisco) [Apollo](https://millionrounds.com/fund/apollo-global-management) [Tesla](https://millionrounds.com/fund/tesla) [Diameter Capital Partners Lp](https://millionrounds.com/fund/diameter-capital-p) [Qatar's sovereign wealth fund](https://millionrounds.com/fund/qatar-s-sovereign-wealth-fund) Reported by TechStartups and 2 others - **Jul 2025** Round **$12B** No investor was named in the report. Reported by TechStartups - **Jun 2025** Round **$4.3B** No investor was named in the report. Reported by TechCrunch and 1 other - **Jun 2025** Round **$300M** No investor was named in the report. Reported by TechCrunch - **Apr 2025** Growth **$20B** *6 new* *4 returning* [Fidelity](https://millionrounds.com/fund/fidelity) [NVIDIA](https://millionrounds.com/fund/nvidia) [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) [Cisco Investments](https://millionrounds.com/fund/cisco-investments) [StepStone Group](https://millionrounds.com/fund/stepstone-group) [Qatar Ban](https://millionrounds.com/fund/qatar-ban) [Baron Capital](https://millionrounds.com/fund/baron-capital) [Abu Dhabi's MGX](https://millionrounds.com/fund/abu-dhabi-s-mgx) [Antonio Gracias of Valor Equity Partners](https://millionrounds.com/fund/antonio-gracias-of-valor-equity-partners) [Luke Nosek of Gigafund](https://millionrounds.com/fund/luke-nosek-of-gigafund) Reported by TechCrunch and 3 others SEC filing: $5.3B sold, first sale Jun 2025 - **Feb 2025** Round **$10B** *1 new* *4 returning* [Industry Ventures](https://millionrounds.com/fund/industry-ventures) Lead [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) Reported by Crunchbase News and 6 others - **Dec 2024** Series C **$6.0B** *10 new* *4 returning* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Fidelity](https://millionrounds.com/fund/fidelity) [BlackRock](https://millionrounds.com/fund/blackrock) [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) [NVIDIA](https://millionrounds.com/fund/nvidia) [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) [Qatar Ban](https://millionrounds.com/fund/qatar-ban) [Vy Capital](https://millionrounds.com/fund/vy-capital) [MGX](https://millionrounds.com/fund/mgx) [AMD](https://millionrounds.com/fund/amd) [Kingdom Holdings](https://millionrounds.com/fund/kingdom-holdings) [OIA](https://millionrounds.com/fund/oia) Reported by TechCrunch and 1 other - **Oct 2024** Series B **$5.0B** *4 new* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) [Qatar Ban](https://millionrounds.com/fund/qatar-ban) Reported by Crunchbase News and 1 other - **Aug 2017** Series B **$10M** *2 new* *2 returning* [Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) [FirstMark](https://millionrounds.com/fund/firstmark) [SoftBank](https://millionrounds.com/fund/softbank-2) [Two Sigma Ventures](https://millionrounds.com/fund/two-sigma-ventures) Source recorded - **Jul 2016** Round **$23M** *4 new* *6 returning* Two Sigma Investments Lead [DCM Ventures](https://millionrounds.com/fund/dcm-ventures) [Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) [FirstMark](https://millionrounds.com/fund/firstmark) [CrunchFund](https://millionrounds.com/fund/crunchfund-3) [SoftBank Capital](https://millionrounds.com/fund/softbank-capital-2) [Pritzker Group](https://millionrounds.com/fund/pritzker-group) [IA Ventures](https://millionrounds.com/fund/ia-ventures) [Work-Bench](https://millionrounds.com/fund/work-bench) Dennis Mortensen Source recorded SEC filing: $22M sold, first sale Apr 2016 - **Jan 2015** Series A **$9.2M** *5 new* *1 returning* [FirstMark](https://millionrounds.com/fund/firstmark) [CrunchFund](https://millionrounds.com/fund/crunchfund-3) [SoftBank Capital](https://millionrounds.com/fund/softbank-capital-2) [Pritzker Group](https://millionrounds.com/fund/pritzker-group) [IA Ventures](https://millionrounds.com/fund/ia-ventures) [Matt Turck](https://millionrounds.com/fund/matt-turck) From a historical funding record SEC filing: $9.1M sold, first sale Dec 2014 - **May 2014** Seed **$2.1M** *4 new* [Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) [SoftBank BB Corp](https://millionrounds.com/fund/softbank) [IA Ventures](https://millionrounds.com/fund/ia-ventures) Dennis R. Mortensen From a historical funding record SEC filing: $2.1M sold, first sale May 2014 ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series C** 2024 **Round** 2025 **Growth** 2025 **Round** 2025 **Round** 2025 **Round** 2025 **Series E** 2025 **Series E** 2026 [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) L [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) [Fidelity](https://millionrounds.com/fund/fidelity) [FirstMark](https://millionrounds.com/fund/firstmark) [NVIDIA](https://millionrounds.com/fund/nvidia) [IA Ventures](https://millionrounds.com/fund/ia-ventures) [Qatar Ban](https://millionrounds.com/fund/qatar-ban) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) ## Everyone who backed them [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) VC firm **5** rounds, led 1 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) VC firm **4** rounds [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **4** rounds [Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) VC firm **3** rounds [Fidelity](https://millionrounds.com/fund/fidelity) VC firm **3** rounds [FirstMark](https://millionrounds.com/fund/firstmark) VC firm **3** rounds [NVIDIA](https://millionrounds.com/fund/nvidia) Company **3** rounds [IA Ventures](https://millionrounds.com/fund/ia-ventures) VC firm **3** rounds [Qatar Ban](https://millionrounds.com/fund/qatar-ban) Growth equity **3** rounds [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **2** rounds [BlackRock](https://millionrounds.com/fund/blackrock) Asset manager **2** rounds [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management) Private equity **2** rounds [CrunchFund](https://millionrounds.com/fund/crunchfund-3) VC firm **2** rounds [SoftBank Capital](https://millionrounds.com/fund/softbank-capital-2) VC firm **2** rounds [Pritzker Group](https://millionrounds.com/fund/pritzker-group) Private equity **2** rounds [Industry Ventures](https://millionrounds.com/fund/industry-ventures) VC firm **1** round, led 1 [HUMAIN](https://millionrounds.com/fund/humain) VC firm **1** round, led 1 Two Sigma Investments no record of our own yet **1** round, led 1 [DCM Ventures](https://millionrounds.com/fund/dcm-ventures) Private equity **1** round [SoftBank](https://millionrounds.com/fund/softbank-2) Investment firm **1** round [Cisco](https://millionrounds.com/fund/cisco) Corporate VC **1** round [SoftBank BB Corp](https://millionrounds.com/fund/softbank) Corporate VC **1** round [Cisco Investments](https://millionrounds.com/fund/cisco-investments) Corporate VC **1** round [Two Sigma Ventures](https://millionrounds.com/fund/two-sigma-ventures) VC firm **1** round [Apollo](https://millionrounds.com/fund/apollo-global-management) Private equity **1** round [StepStone Group](https://millionrounds.com/fund/stepstone-group) Fund of funds **1** round [Work-Bench](https://millionrounds.com/fund/work-bench) VC firm **1** round [Vy Capital](https://millionrounds.com/fund/vy-capital) VC firm **1** round [MGX](https://millionrounds.com/fund/mgx) Growth equity **1** round [Matt Turck](https://millionrounds.com/fund/matt-turck) Angel **1** round [AMD](https://millionrounds.com/fund/amd) Growth equity **1** round [Baron Capital](https://millionrounds.com/fund/baron-capital) VC firm **1** round [Tesla](https://millionrounds.com/fund/tesla) Corporate VC **1** round [Abu Dhabi's MGX](https://millionrounds.com/fund/abu-dhabi-s-mgx) Growth equity **1** round [Diameter Capital Partners Lp](https://millionrounds.com/fund/diameter-capital-p) Private equity **1** round [Antonio Gracias of Valor Equity Partners](https://millionrounds.com/fund/antonio-gracias-of-valor-equity-partners) Growth equity **1** round [Kingdom Holdings](https://millionrounds.com/fund/kingdom-holdings) Growth equity **1** round [Luke Nosek of Gigafund](https://millionrounds.com/fund/luke-nosek-of-gigafund) Growth equity **1** round [OIA](https://millionrounds.com/fund/oia) Growth equity **1** round [Qatar's sovereign wealth fund](https://millionrounds.com/fund/qatar-s-sovereign-wealth-fund) Growth equity **1** round Dennis Mortensen no record of our own yet **1** round Dennis R. Mortensen no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=xai). ## Also claim to have backed them These 2 firms list xAI as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Yolo Investments](https://millionrounds.com/fund/yolo-investments) VC firm Per its own site [Asymmetric Financial](https://millionrounds.com/fund/asymmetric-financial) VC firm Per its own site ## Quick answers about xAI ### Who invested in xAI? xAI's investors include Valor Equity Partners, Sequoia Capital, Andreessen Horowitz, Lerer Hippeau and Fidelity, and 37 more on record. HUMAIN led its latest round. ### How much has xAI raised? xAI has raised $81B across 13 rounds since 2014. ### When did xAI last raise? xAI's most recent round was a Series E of $3.0B in Feb 2026, led by HUMAIN. ### What was xAI's biggest round? xAI's largest round on record is $20B (Series E), in Oct 2025, led by Valor Equity Partners. ### Who backed xAI first? xAI's first round on record, in May 2014, was backed by Lerer Hippeau, SoftBank BB Corp and IA Ventures and 1 others. ### What stage is xAI at? xAI's latest named round is a Series E, in Feb 2026. ### Where is xAI based? xAI is based in the United States. ### Who led xAI's rounds? Two Sigma Investments led the funding round in 2016; Industry Ventures led the Undisclosed round in 2025; Valor Equity Partners led the Series E in 2025; HUMAIN led the Series E in 2026. ## Companies like xAI In the same sector, and raised in the last eighteen months. 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