Jeff Bezos's Project Prometheus AI lab closes $10 billion round at $38 billion valuation
7 Sources
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Bezos's Physical AI Lab Has Closed Round at $38 Billion Value
Project Prometheus, the artificial intelligence lab that Amazon.com Inc. founder Jeff Bezos is leading with Google veteran Vik Bajaj, has closed a $10 billion funding round that values the company at roughly $38 billion, according to a person familiar with the situation. JPMorgan Chase & Co. and
[2]
Jeff Bezos's AI lab nears $38bn valuation in funding deal
Jeff Bezos is close to a $10bn fundraising deal from investors at a $38bn valuation for his lab, which is focused on AI that can understand the physical world and transform engineering and manufacturing. The company, code-named Project Prometheus, is planning to imminently close a funding round at
[3]
Jeff Bezos' AI lab nears $38 billion valuation in funding deal, FT reports
April 20 (Reuters) - Jeff Bezos' artificial intelligence lab is close to raising $10 billion in a new funding round, valuing the new startup called Project Prometheus at $38 billion, the Financial Times reported on Monday, citing sources. The fundraising comes amid strong investor enthusiasm for
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Jeff Bezos' physical AI lab is close to raising $10 billion
Project Prometheus, launched in November 2025 with $6.2 billion in initial funding, is developing AI systems that understand the physical world, targeting engineering, manufacturing, aerospace, robotics, and drug discovery. The round has not yet closed. Jeff Bezos is close to finalising a $10
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Jeff Bezos' Secretive AI Startup Just Hit a $38 Billion Valuation
Jeff Bezos has been quietly building his next business venture, and investors are already betting big. His stealth AI startup, Project Prometheus, has reached a roughly $38 billion valuation as it works to raise $10 billion in new funding, according to Business Insider. The round -- its first
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Jeff Bezos' AI lab nears $38 billion valuation in funding deal: FT - The Economic Times
Jeff Bezos' AI lab, Project Prometheus, is reportedly nearing a $10 billion funding round, valuing the startup at $38 billion. Investors like JPMorgan and BlackRock are participating in this significant venture. The company is focused on developing AI for engineering and manufacturing across
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Bezos Targets $38 Billion Valuation for Physical AI Lab | PYMNTS.com
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Jeff Bezos has returned to an operational role for the first time since leaving Amazon in 2021, co-leading Project Prometheus with Google veteran Vik Bajaj. The artificial intelligence lab has closed a $10 billion funding round at a $38 billion valuation, attracting investors like JPMorgan Chase and BlackRock who are betting on AI that understands the physical world.
Jeff Bezos Returns to Lead Physical AI Lab at Massive Valuation
Jeff Bezos has closed a $10 billion funding round for Project Prometheus, his artificial intelligence lab focused on developing AI models and tools for engineering and manufacturing, reaching a $38 billion valuation
1
. JPMorgan Chase and BlackRock are among the firms participating in the round, though there is no lead investor1
. The funding deal marks the first time Bezos has served in an operational role since stepping down as chief executive of Amazon in 20212
.
Source: ET
Bezos co-leads the AI lab as co-CEO alongside Vik Bajaj, a Google veteran and former Google X leader
1
4
. The two executives have been meeting with potential investors jointly, with Bezos offering the vision and ambitions while Bajaj lays out the plans for achieving them1
. Bezos is heavily involved as co-CEO, with multiple conversations between the two leaders occurring daily1
.Breaking the Silicon Valley Mold with Physical AI Systems
In an unusual move for Bezos's AI startup, Project Prometheus has intentionally targeted non-Silicon Valley investors such as private equity firms and sovereign wealth funds that have deep exposure to physical industries
1
. The lab has held talks with sovereign wealth funds in regions including the Middle East and Singapore1
. The only Silicon Valley-type firms that the lab counts among its investors are DST Global and ARCH Venture Partners1
.The company is working on physical AI systems that understand the laws of physics and can be applied across physical industries including robotics, aerospace, drug discovery, and logistics automation
2
4
. This approach is conceptually distinct from large language models that have dominated the AI investment cycle since 20224
. While LLMs are trained on publicly available text, images, and code, physical AI systems require specialized real-world data on material behavior, engineering tolerances, manufacturing processes, and physics—much of which is proprietary and hard to collect at scale4
.
Source: PYMNTS
Ambitious Plans Beyond the $10 Billion Funding Round
Project Prometheus is also seeking to raise tens of billions of dollars for a holding company that plans to buy firms outright that would benefit from the technologies the lab is developing
1
. Much like Berkshire Hathaway, the holding company would own the companies it acquires for decades and would target complementary businesses such as those in casting and specialized manufacturing1
. This holding company would have access to data from its portfolio businesses to train Prometheus's AI systems2
.The agreement includes an initial $6.2 billion raised in November but has been extended because of demand
2
. The startup has already raised billions of dollars in funding, sourced in part from Bezos himself1
. The company currently employs hundreds of people, with most working out of San Francisco and some in London and Zurich1
2
.Related Stories
Attracting Top Talent from Leading AI Companies
The lab has attracted employees from leading AI labs like OpenAI, Google DeepMind, xAI, and Meta
1
4
. Earlier this month, the company poached Kyle Kosic, a former OpenAI employee and xAI co-founder, to work on infrastructure projects2
. Kosic had previously led efforts at Elon Musk's AI startup to build its Colossus supercomputer2
.
Source: Inc.
The fundraising comes amid strong investor enthusiasm for AI companies as heavy technology spending reshapes businesses across sectors
3
. The $38 billion valuation would make Prometheus one of the most richly valued early-stage AI startups in the world4
. The lab is still contemplating its initial products, with plans to both sell technology that helps manufacturers design and build physical products and manufacture physical products itself1
. The scarcity of specialized data creates both a barrier to entry and a potential long-term advantage for companies that can accumulate it, which may partly explain why institutional investors of BlackRock and JPMorgan's scale invested even at an early stage4
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