xAI has raised $20M in a Series E round to accelerate its efforts to develop next-generation artificial intelligence (AI). That result surpassed the company’s $15 billion target for the round, it said in a press release.
“This funding will help us continue to lead the world in building our infrastructure, bring transformative AI products to market further and faster for hundreds of millions of people globally, and promote xAI’s mission for groundbreaking research – Understanding the Universe.”
NVIDIA and Cisco Investments are among the strategic investors in that round, the release said. NVIDIA CEO Jensen Huang told CNBC in October that his company was investing in xAI’s most recent funding round.
Huang said he was “super stoked” about the funding opportunity and wished he could give xAI — as well as its founder and sole proprietor, Elon Musk — even more money.
“Almost anything that Elon is doing, you want to be participating in,” Huang said.
“Congrats to the [xAI] team and thank you to investors for your faith in our company,” Musk wrote Tuesday on X.
Musk also shared a post stating that xAI is seeking AI Finance Tutors to teach the company’s AI model, Grok.
Through 2025, xAI scaled up its Colossus I and Colossus II data centers, finishing the year with more than 1 million H100 GPU equivalents; evolved the intelligence, reasoning and agency of Grok; served users in the millions through Grok Voice, an intelligent voice agent; and made available to customers models for generating images and videos using Grok Imagine, according to a Tuesday press release.
As of now, Grok has access to approximately 600 million monthly active users across the Grok and X apps, according to the release. xAI is the owner of the social media platform X.
“Looking beyond, Grok 5 is in training, and we are currently working on launching groundbreaking new consumer and enterprise products that leverage the power of Grok, Colossus and X to transform how we go about our lives at work or play,” xAI said in the release.
In September, xAI announced that federal agencies could access Grok models for 42 cents per agency over 18 months, through March 2027.
