Company · Frontier labs
Answer.AI revenue, valuation & funding
Answer.AI is a private AI R&D lab launched in December 2023 by Jeremy Howard and Eric Ries, with no ticker and no stated IPO plan. It hasn't disclosed a valuation or revenue, and its latest round was a reported $8M angel round in April 2024.
At a glance
- Valuation: not disclosed. It raised $10M from Decibel VC in December 2023 and a reported $8M angel round in April 2024.
- Revenue: no figures published. It sells products and services such as the paid Solveit course.
- Status: private. No stock ticker and no stated IPO plan.
- Founded: December 12, 2023, by Jeremy Howard and Eric Ries, as a fully remote team with no stated headquarters.
- CEO: Jeremy Howard, founding CEO.
- Investors: Decibel VC, plus angels including Jeff Dean, Oriol Vinyals and the founders of Hugging Face, Cohere and Together AI.
- Products: the Solveit platform and its course, FastHTML, ModernBERT (with LightOn) and FSDP/QLoRA.
- Employees: a team of 12, as described in a Latent Space podcast in August 2024.
- On Real Alpha: 1 moments of its people talking, from 1 interview.
Is Answer.AI public? Can you buy its stock?
No. Answer.AI is a private company. Its shares don't trade on any stock exchange and it has no ticker symbol.
It hasn't announced any plan to go public, and no filing has been made.
Its shares are held by its founders and investors. A Good Science Project analysis in January 2024 said the founders kept enough voting shares that investors can't veto their decisions. This page reports facts and gives no investment advice.
Valuation, round by round
No valuation was given for either round, $10M from Decibel VC in December 2023 or a reported $8M angel round in April 2024.
| Date | Valued at | Raised | Led by | Source |
|---|---|---|---|---|
| Apr 2024 | — | $8M | — | Capital Brief |
| Dec 2023 | — | $10M | Decibel VC | Answer.AI |
The April 2024 round named no lead investor. Some data sites list other totals and an August 2024 round, but no primary report confirms them.
How Answer.AI makes money
Answer.AI calls itself a for-profit R&D lab and a public benefit company. It says it builds practical end-user products on top of research breakthroughs.
Its launch post in December 2023 said it would make money from its products. It plans to use that money to expand into bigger opportunities.
It hasn't published revenue or profit figures. A Good Science Project analysis in January 2024 said the founders were content to go without revenue for quite a while.
- Solveit. The paid Solveit course and platform is one of the products and services it earns money from. Answer.AI blog
Products
- FSDP/QLoRA (March 6, 2024). Its first project, an open source system that trains a 70b model on two or more gaming GPUs. Answer.AI blog
- FastHTML (August 2024). A framework for building web apps. Latent Space
- Solveit (November 7, 2024). A platform built for a beta course, How To Solve It With Code, which started on November 26, 2024. Answer.AI blog
- ModernBERT (December 19, 2024). A family of encoder-only models with an 8192 sequence length, released with LightOn. Answer.AI blog
- How to Solve It with Code (October 2025). Public signups opened on October 2, 2025, for a course on the Solveit platform starting October 20. Answer.AI blog
From Answer.AI's interviews
- 47:47 AI coding can reward the feeling of progress more than shipped workJeremy Howard · Machine Learning Street Talk · Mar 2026
Users and usage
In October 2025 Answer.AI said 1000 preview users had used Solveit over the previous year (Answer.AI blog). It hasn't given a wider user count.
Leadership
Answer.AI works as a fully remote team. A Latent Space podcast in August 2024 described a team of 12.
- Jeremy Howard, founding CEO. He created ULMFiT and co-founded fast.ai, which joined Answer.AI in November 2024. Answer.AI blog
- Eric Ries, founding director and co-founder. He created Lean Startup and the Long-Term Stock Exchange. Answer.AI blog
Who owns Answer.AI?
Its founders and investors. As a private company it doesn't publish who holds what, and no stake has been disclosed.
The founders kept enough voting shares that investors can't veto their decisions, according to a January 2024 analysis.
- Decibel VC invested $10M when the lab launched in December 2023. Answer.AI
- Jeff Dean and Oriol Vinyals, co-leads of Google's Gemini, joined the April 2024 angel round. Capital Brief
- Founders of Hugging Face, Cohere and Together AI also took part in the April 2024 angel round. Capital Brief
Timeline and latest news
From its founding to the latest reports, newest first.
- Oct 2, 2025Latest
Opened public signups for How to Solve It with Code, starting October 20. Answer.AI blog - Oct 2, 2025Latest
Said 1000 preview users had used Solveit over the past year. Answer.AI blog - Dec 19, 2024Latest
Released ModernBERT with LightOn. Answer.AI blog - Nov 7, 2024
fast.ai, co-founded by Jeremy Howard and Rachel Thomas, joined Answer.AI. Answer.AI blog - Nov 7, 2024
Announced the Solveit platform and a beta course. Answer.AI blog - Aug 16, 2024
A Latent Space podcast described it as a team of 12. Latent Space - Aug 2024
Released FastHTML, a framework for building web apps. Latent Space - Apr 2024
Closed a reported $8M angel round. Capital Brief - Mar 6, 2024
Released FSDP/QLoRA, its first project. Answer.AI blog - Dec 12, 2023
Raised $10M from Decibel VC at launch. Answer.AI - Dec 12, 2023
Jeremy Howard and Eric Ries launched Answer.AI as a fully remote lab. Answer.AI blog
Questions people ask
Is Answer.AI a public company? Can I buy Answer.AI stock?
No. Answer.AI is private and has no ticker, so its shares aren't sold on any exchange.
When will Answer.AI IPO?
It hasn't announced any plan to go public, and it hasn't filed.
Who owns Answer.AI?
Its founders and investors, including Decibel VC and angels such as Jeff Dean and Oriol Vinyals. The founders kept enough voting shares that investors can't veto them, per the Good Science Project.
Who is the CEO of Answer.AI?
Jeremy Howard, its founding CEO. He created ULMFiT and co-founded fast.ai.
Who founded Answer.AI?
Jeremy Howard and Eric Ries, who launched it on December 12, 2023.
How much is Answer.AI worth?
No valuation has been disclosed. It raised $10M from Decibel VC in December 2023. A reported $8M angel round followed in April 2024, per Capital Brief.
How much revenue does Answer.AI make?
It hasn't published revenue or profit figures. A January 2024 analysis said its founders were content to go without revenue for quite a while.
How does Answer.AI make money?
From products and services such as the paid Solveit course and platform, according to Answer.AI.
How many people use Answer.AI's Solveit?
Answer.AI said in October 2025 that 1000 preview users had used Solveit over the previous year (Answer.AI blog).
Where is Answer.AI headquartered?
It has no stated headquarters. It works as a fully remote team.
Every moment from Answer.AI's people
1 moment from 1 interview on 1 show, newest first. Each one plays from the minute it starts.
Machine Learning Street Talk · Mar 3, 2026 · 1 moment
The Dangerous Illusion of AI Coding? - Jeremy Howard
People on Real Alpha
- Jeremy Howard, Founding CEO, Answer.AI · 1 moment
Other companies in Frontier labs
OpenAI · Anthropic · Google DeepMind · Meta · SpaceXAI · Microsoft AI · Mistral AI · DeepSeek · Safe Superintelligence · Thinking Machines Lab · Cohere · Moonshot AI
How this page is sourced
Each figure links to the filing, company statement or news report it came from, with its date. Run rates are what reporters were told, not audited results; estimates and unconfirmed reports are marked. Quotes are what each person said on the record, with the minute they said it. Spotted something that's off? .
Last checked Nov 8, 2026