Bloomberg: Bezos’ Project Prometheus bags $10bn at $38bn valuation

JP Morgan & Chase, BlackRock, DST Global and Arch Venture Partners have reportedly invested in the lab.

Jeff Bezos’s physical AI lab Project Prometheus has closed a $10bn funding round at a valuation of around $38bn, Bloomberg has confirmed.

A sources has told the publication that JP Morgan & Chase, BlackRock, DST Global and Arch Venture Partners are among those participating in the round. Speculation around the closure of the round was reported earlier this week by the Financial Times (FT).

News of Bezos’s AI venture first surfaced last November. Bezos founded Project Prometheus – a codename for the company – alongside former Google Life Sciences executive Vik Bajaj.

The company builds AI that assists engineering and manufacturing in a number of sectors, including in computers, aerospace and automobiles.