$32 Billion With No Product: Ilya Sutskever's SSI Raises Another $2B
In April 2025, Safe Superintelligence raised $2 billion at a $32 billion valuation — under a year old, zero product, zero revenue.
Per TechCrunch and the Financial Times, Ilya Sutskever's Safe Superintelligence (SSI) raised $2 billion in April 2025 at a $32 billion valuation — for a company less than a year old with no product and no revenue, which has said outright it will ship nothing until safe superintelligence is achieved.
The round pushed 'faith premium' to its limit: investors are buying options on Ilya himself and his technical roadmap. In June, per CNBC, Meta tried and failed to acquire SSI outright, then hired away CEO Daniel Gross — after which Ilya took the CEO seat himself.
SSI became the specimen in the AI bubble-versus-belief debate: either the largest venture mistake in history, or its most prescient bet.
This article aggregates official announcements and public reporting; original sources are linked below.
Source:TechCrunch