About X.ai
X.ai is a company based in Burlingame (United States) founded in 2023 by Elon Musk, Yuhuai Wu, and Greg Yang was acquired by SpaceX in February 2026.. X.ai has raised $44.64 billion across 9 funding rounds from investors including Fidelity Investments, Nvidia and SpaceX. X.ai has completed 3 acquisitions, including Ai.com, Hotshot and X. X.ai operates in a competitive market with competitors including OpenAI, Anthropic, Krutrim, 01.AI and Contextual AI, among others.
- Headquarter Burlingame, United States
- Founders Elon Musk, Yuhuai Wu, Greg Yang
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Sectors
Technology
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name X.Ai Corp
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$44.64 B (USD)
in 9 rounds
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Latest Funding Round
$20 B (USD), Series E
Jan 06, 2026
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Investors
Fidelity Investments
& 22 more
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Employee Count
Employee Count
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Investments & Acquisitions
Ai.com
& 2 more
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Acquired by
SpaceX
(Feb 02, 2026)
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Funding Insights of X.ai
X.ai has successfully raised a total of $44.64B across 9 strategic funding rounds. The most recent funding activity was a Series E round of $20 billion completed in January 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series E — $20.0B
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First Round
First Round
(23 Nov 2023)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Series E - X.ai | Valuation |
investors |
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| Oct, 2025 | Amount | Debt – Conventional - X.ai | Valuation |
investors |
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| Oct, 2025 | Amount | Series C - X.ai | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in X.ai
X.ai has secured backing from 23 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Fidelity Investments, Nvidia and SpaceX. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by X.ai
X.ai has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Ai.com, Hotshot and X. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI-generated GIFs are created for funny and reaction purposes.
|
2017 | ||||
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Platform that aggregates and curates a wide range of content, including news, entertainment, and opinions
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1999 | ||||
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Education is supported and advanced by the Ai.com foundation.
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1993 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - X.ai
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
X.Ai Comparisons
Competitors of X.ai
X.ai operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as OpenAI, Anthropic, Krutrim, 01.AI and Contextual AI, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
OpenAI is engaged in developing advanced artificial intelligence technologies.
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| domain | founded_year | HQ Location |
AI models and chatbots are offered for industry applications.
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| domain | founded_year | HQ Location |
AI tools and infrastructure are developed for generative applications.
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| domain | founded_year | HQ Location |
AI technology and applications are provided via large-scale models.
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| domain | founded_year | HQ Location |
Customizable generative AI is provided for content processing and interpretation.
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| domain | founded_year | HQ Location |
Agentic AI is developed to automate software processes and workflows.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on X.Ai
Frequently Asked Questions about X.ai
When was X.ai founded?
X.ai was founded in 2023.
Where is X.ai located?
X.ai is headquartered in Burlingame, United States. It is registered at Burlingame, California, United States.
Who is the current CEO of X.ai?
Elon Musk is the current CEO of X.ai. They have also founded this company.
Is X.ai a funded company?
X.ai is a funded company, having raised a total of $44.64B across 9 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $12.5B, raised on Nov 23, 2023.
What does X.ai do?
xAI was founded in 2023 and is headquartered in Burlingame, United States. Operations center on artificial intelligence within the technology sector, where data is created and curated for training and evaluating models. The primary product, Grok, is designed for providing internet-based knowledge and answering questions. Leadership includes co-founders Elon Musk, Yuhuai Wu, and Greg Yang, with Jared Birchall as CFO.
How many acquisitions has X.ai made?
Who are X.ai's investors?
X.ai has 23 investors. Key investors include Fidelity Investments, Nvidia, SpaceX, Morgan Stanley, and Lightspeed Venture Partners.