TLDR
- Jeff Bezos’ AI startup Project Prometheus is close to raising $10 billion in a new funding round
- The deal would value the startup at $38 billion
- JPMorgan and BlackRock are among the investors in the round
- The round builds on an initial $6.2 billion raise from November 2025
- Prometheus focuses on AI for engineering, manufacturing, computers, cars, and spacecraft
Jeff Bezos’ AI lab, Project Prometheus, is close to closing a $10 billion funding round that would value the company at $38 billion, according to a report by the Financial Times.
FT: Jeff Bezos’s AI startup Project Prometheus is close to a funding round of about $10B at a roughly $38B valuation including the new money. The company is building AI focused on understanding the physical world, with applications across engineering and manufacturing. pic.twitter.com/HxilRA2gcO
— Wall St Engine (@wallstengine) April 21, 2026
The deal would rank among the largest early-stage fundraises in the world.
The round builds on an initial $6.2 billion raised in November 2025 and has been expanded due to strong investor demand.
JPMorgan and BlackRock are named as investors in the new round. The fundraising has not yet been finalized, according to the Financial Times.
Bezos is one of the founding investors in the venture and has been leading the fundraising effort alongside co-chief executive Vikram Bajaj.
What Is Project Prometheus?
The startup is co-led by Bezos and technology entrepreneur Vik Bajaj. It was also co-founded by Sherjil Ozair and William Guss.
This is Bezos’ first hands-on role since stepping down as Amazon chief executive. The company is focused on AI for engineering and manufacturing — covering computers, automobiles, and spacecraft.
Prometheus is also building a separate investment arm, described as a holding company. That entity plans to invest in businesses likely to be disrupted by its own AI technology.
Target sectors for that investment arm include engineering, architecture, and design.
A Dual Strategy
Prometheus is not just developing AI tools. It is also positioning itself to invest in companies that its technology could disrupt, creating a two-pronged business model.
That structure sets it apart from many other AI startups focused purely on product development.
BlackRock declined to comment on the deal. JPMorgan and the project’s co-founders did not immediately respond to requests for comment. Bezos could not be reached for comment.
The Financial Times reported the fundraising was expected to close soon, though it had not been finalized as of April 20, 2026.
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