JPMorgan · Goldman Sachs · Ars Technica
In November, Jeff Bezos debuted that he would become co-CEO of a new company called Prometheus
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Now, with a major new round of funding, Bezos and co-founder Vik Bajaj have talked about it in slightly more detail.
Key facts
- The funding round is significant—$12 billion now, after an initial round of $6.2 billion last year, for a valuation of $41 billion
- A couple of months ago, The New York Times reported that Bezos and Bajaj are working to raise a $100 billion investment fund to go into companies that could leverage and benefit directly
- In November, Jeff Bezos announced that he would become co-CEO of a new startup called Prometheus
- Now, with a major new round of funding, Bezos and co-founder Vik Bajaj have talked about it in slightly more detail
Summary
In November, Jeff Bezos announced that he would become co-CEO of a new startup called Prometheus. The funding round is significant—$12 billion now, after an initial round of $6.2 billion last year, for a valuation of $41 billion. “All societal wealth is driven by invention,” Bezos told The New York Times. Speaking to CNBC, he used the same examples but described the company’s goal in loftier terms. Bajaj described the team’s goals in slightly more pragmatic terms.