Jeff Bezos' AI Startup Project Prometheus Nears $10B Funding at $38B Valuation

Gate News message, April 21 — Jeff Bezos' AI startup Project Prometheus is approaching a funding round of approximately $10 billion at a valuation of $38 billion, with JPMorgan and BlackRock among the lead investors. The round remains subject to final confirmation.

Project Prometheus develops artificial intelligence for engineering, manufacturing, automotive, and aerospace applications. Bezos serves as an initial backer and has co-led fundraising efforts alongside co-chief executive Vikram Bajaj, capitalizing on strong investor appetite for AI-focused ventures.

The capital will support two strategic initiatives: developing proprietary AI models in-house and establishing a separate $100 billion fund dedicated to acquiring and upgrading industrial companies across manufacturing, aerospace, and chipmaking sectors. The company plans to deploy its AI technology within acquired or funded businesses, while securing stakes across these industries to obtain training data for its models. Project Prometheus has already begun executing this strategy with the acquisition of General Agents, an AI automation startup.

The company has recruited talent from Elon Musk's xAI and Google DeepMind, positioning itself to advance AI applications beyond consumer software into the physical economy, including factory operations, power systems, and supply chains.