Prometheus Raises $12 Billion at $41 Billion Valuation

Prometheus raised $12 billion in a funding round that values the company at $41 billion, New York Post reported. The round included participation from Goldman Sachs, BlackRock and JPMorgan Chase. Jeff Bezos also contributed to the round.

Prometheus launched in November and is developing AI tools to reduce the time required to design complex products such as jet engines and medical devices. The company has assembled a staff of 150 employees. It maintains no direct ties to Amazon or Blue Origin.

Jeff Bezos serves as co-CEO of Prometheus with Vik Bajaj, an ex-Google executive. Bezos, 62, has an estimated net worth of $260 billion according to the Bloomberg Billionaires Index. “If you go to a current jet engine manufacturer and say you want the exact same engine but with 10% more thrust, it could be a 10-year program,” Bezos said in an interview with Axios.

” “So what we’re doing is building a set of tools that will empower engineers to compress that cycle time and make that dream-build loop be 10 times faster or even more,” Bezos added. Bezos stepped down as CEO of Amazon in 2021 and remains executive chairman of the company. He has increased his focus on AI projects since that transition.