Gimlet Labs completed a $300 million financing round with a valuation of $3 billion, led by a16z

AI infrastructure startup Gimlet Labs has completed a $300 million financing round, raising the company's valuation to $3 billion. This round of financing was led by Andreessen Horowitz (a16z), with participation from Arm Holdings and Microsoft's venture fund M12.

Gimlet Labs primarily helps clients allocate AI tasks to different types of chips and is collaborating with Arm to make its software compatible with various chip technologies from Arm.