Fundraising Fox

Goodfire

Unicorn · $1.3B

San Francisco, US · Founded 2023 · Delaware corporation · 70 employees on LinkedIn · 16 known investors

Goodfire is a research company developing interpretability tools to understand and design AI systems. The company focuses on making AI models more understandable, debuggable, and steerable through analysis of internal model structures.

Also known as Goodfire AI · Goodfire, Inc.

Founders & leadership

Goodfire was founded in 2023 by Tom McGrath, Daniel Balsam, and Eric Ho.

TM
Tom McGrathCo-founder
DBDaniel Balsam
Daniel BalsaminCo-Founder and CTO
EHEric Ho
Eric HoinCo-Founder & CEOEric Ho is a co-founder and executive of Goodfire, a research company developing interpretability tools to understand and design AI systems.
DK
Daniel KangNamed on SEC filing

Board

DD
Deedy DasBoard director
NINnamdi Iregbulem
Nnamdi Iregbulemin𝕏Board MemberPartner at Lightspeed Venture Partners

Investors · 16

Also in the syndicate · 4

DFJ GrowthJuniper VenturesSalesforce Inc.Wing Venture Capital

Reported raises · per SEC filings

Form D private placements

$202M disclosed across 2 rounds · 2025

$150MraisedFeb 2026 · 19 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel BalsamDirector
  • Daniel KangDirector
  • Deedy DasDirector
  • Eric HoExecutive Officer, Director
  • Tom McGrathDirector
  • Yan-David ErlichDirector
  • Nnamdi IregbulemDirector
Offering amount
$161.7M
Amount sold
$150M
First sale
Dec 2025
Incorporated
Corporation, Delaware, 2023
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$52MraisedJun 2025 · 47 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Deedy DasDirector
  • Nnamdi IregbulemDirector
  • Daniel KangDirector
  • Tom McGrathDirector
  • Daniel BalsamDirector
  • Eric HoExecutive Officer, Director
Offering amount
$52.1M
Amount sold
$52M
First sale
Apr 2025
Incorporated
Corporation, Delaware, 2023
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$1.3Bvaluation at Series BFeb 2026
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Goodfire is a research company and public benefit corporation based in San Francisco that applies mechanistic interpretability — the study of how neural networks work internally — to understanding, learning from and designing AI systems. The company positions itself against the prevailing "black box" approach to model development, arguing that direct access to internal model structures allows teams to steer what models learn, diagnose failures, and extract knowledge embedded in the models themselves. Its stated goal is to make AI that can be understood, debugged and shaped like written software.

The company's commercial product line has evolved from Ember, the model-agnostic interpretability platform described at the time of its Series A, which decoded neurons inside a model to give programmable access to internal representations, to Silico, described on the company website as an "interpretability agent" and platform for "intentional model design." Silico is offered for large language models, life sciences models, and robotics and vision models, is distributed as a macOS download and via team/infrastructure deployments, and is intended to let users see what a model has learned, locate undesired behavior, and make targeted interventions. Goodfire also describes building a broader "model design environment" for understanding, debugging and intentionally designing models at scale.

Alongside product work, Goodfire publishes a continuous stream of fundamental and applied research, including work on sparse autoencoders and neural geometry, steering along manifolds, interpreting language model parameters, memorization and loss curvature, evaluation awareness, probe-based data attribution, and applied studies with partner organizations in genomics, cardiology, materials discovery and robotics.

Founding story

Eric Ho previously founded RippleMatch, a Series B AI recruiting startup; Dan Balsam was founding engineer and head of AI there. Tom McGrath previously co-founded the interpretability team at DeepMind. The three founded Goodfire as a research lab devoted to studying the mathematical structure and hidden representations inside neural networks, on the premise that AI development is gated by fundamental science in the way earlier engineering disciplines were.

Business model

Goodfire develops interpretability software and research services for organizations that train and deploy AI models. Its website markets the Silico platform through demo requests and direct download, with a published pricing page, and it also engages in collaborative research and partnership arrangements with model developers and scientific institutions.

The company offers its interpretability platform commercially, with a pricing page and paid access to Silico for teams and their own infrastructure, alongside partnership engagements with model developers and research institutions.

Traction

Goodfire reported partnerships spanning scientific discovery and model design: interpreting Arc Institute's Evo 2 DNA foundation model, with findings published in Nature and used to explain 4.2 million genetic variants; identifying a novel class of Alzheimer's biomarkers from an epigenetic model built by Prima Mente, described as the first major natural-science finding obtained by reverse-engineering a foundation model; deploying SAE probes for PII detection in production with Rakuten; and analyses of a cardiac echocardiography vision model and a robotics policy. It raised $50M in April 2025 and $150M at a $1.25B valuation in February 2026, and obtained SOC 2 Type II certification in May 2026.

Latest developments

In February 2026 Goodfire announced a $150 million Series B at a $1.25 billion valuation led by B Capital, earmarked for frontier research, the next generation of its core product — a "model design environment" — and scaling partnerships across AI agents and life sciences. It subsequently announced SOC 2 Type II certification (May 2026), launched Silico as an interpretability agent available for macOS download, announced a research grants program (August 2026), and continued publishing research including work on neural geometry, uncertainty dynamics in text generation, and predictive data debugging.

Full profile — market position, technology, go-to-market, geography, history

Market position

Goodfire describes itself as a research-first "neolab" — part of a cohort of AI companies pursuing training breakthroughs neglected by large "scaling labs" such as OpenAI and Google DeepMind — and as the research lab dedicated to the science and technology of interpretability-driven model design. Its Series A investors included Anthropic, whose CEO Dario Amodei characterized mechanistic interpretability as among the best bets for turning black-box networks into steerable systems.

The company's stated differentiator is a team that helped originate mechanistic interpretability, including founding members of interpretability efforts at Google DeepMind and OpenAI (such as Nick Cammarata from OpenAI's interpretability team and co-founder Tom McGrath, who founded DeepMind's), professors on leave (including Leon Bergen of UC San Diego), and ML engineers from OpenAI, Google and Palantir. Its researchers authored foundational work on sparse autoencoders for discovering human-meaningful features, automated feature interpretation, and extracting knowledge from superhuman models, and the company translates these methods into a model-agnostic platform rather than tooling tied to a single model family.

Technology

Goodfire's methods reverse-engineer the causal mechanisms and representational geometry of neural networks: sparse autoencoders and block-sparse featurizers for feature discovery, probes for monitoring and early exit, feature-level rewards for training, and interventions on identified internal subunits to retrain behavior without off-target effects. Reported results include cutting hallucinations in an LLM by 58% using features as rewards at roughly 90x lower cost per intervention than LLM-as-judge, probes enabling early exit from reasoning traces that save up to 68% of tokens with minimal accuracy loss, and giving a diffusion model feedback from its own internals to yield about 30% more viable candidate materials.

Go-to-market

Goodfire sells through demo requests and direct product download for Silico, published pricing, and enterprise deployment into customer infrastructure. It also pursues targeted research collaborations and partnerships with frontier model developers and scientific institutions, and runs research publication, blog content, a research grants program and hiring as channels for visibility.

AI research and engineering teams that train and deploy models, including frontier model developers, life sciences and scientific-foundation-model organizations, robotics and vision teams, and enterprises deploying LLMs. Named collaborators and customers include Arc Institute, Prima Mente, Mayo Clinic and Rakuten.

Geography

Headquartered in San Francisco, California, with a research scientist role posted in London.

History

Goodfire was co-founded by Eric Ho (CEO), Tom McGrath (Chief Scientist) and Dan Balsam (CTO); South Park Commons lists the company under 2024 and in San Francisco. In April 2025, less than a year after founding, the company announced a $50 million Series A led by Menlo Ventures to expand research and develop its Ember interpretability platform. In February 2026 it announced a $150 million Series B at a $1.25 billion valuation led by B Capital, stating it was backed by over $200 million in total. Product emphasis subsequently shifted to Silico, an interpretability agent and model design platform, and the company announced a SOC 2 Type II certification in May 2026 and a research grants program in August 2026.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Genetic variants explained using Evo 2 embeddingsApr 20264,200,000 variants
Hallucination reduction in an LLM using features as rewardsJan 202658%
HeadcountAug 202670
Increase in viable candidate materials from self-correcting searchJan 202630%
Post-money valuationFeb 2026$1.3B
Token savings from probe-enabled early exit from reasoning tracesJan 202668%
Total funding raisedFeb 2026$200M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Founder mafia

3 people who came through Goodfire went on to found or lead other companies.

Timeline · 8

launches, deals, and filings
Aug 2026
Goodfire Research Grants announced

The company announced a research grants program.

source ↗

May 2026
SOC 2 Type II certification announced

Goodfire announced it had obtained SOC 2 Type II certification.

source ↗

Feb 2026
Goodfire raises $150M Series B at $1.25B valuation

B Capital led a $150 million Series B at a $1.25 billion valuation, with existing investors Juniper Ventures, Menlo Ventures, Lightspeed, South Park Commons and Wing Venture Capital and new investors DFJ Growth, Salesforce Ventures and Eric Schmidt; proceeds are for frontier research, a model design environment, and partnerships across AI agents and life sciences.

$150M source ↗

Jan 2026
Identification of a novel class of Alzheimer's biomarkers

Goodfire applied interpretability techniques to an epigenetic foundation model built by Prima Mente to identify a novel class of Alzheimer's biomarkers, described as the first major natural-science finding obtained from reverse-engineering a foundation model.

source ↗

Jan 2026
Launch of Silico interpretability agent

Goodfire introduced Silico, an interpretability agent and platform for intentional model design, available as a macOS download and for team infrastructure deployment, with variants for LLMs, life sciences, and robotics and vision.

source ↗

Oct 2025
Production deployment of SAE probes for PII detection with Rakuten

Applied research describing deployment of sparse autoencoder probes for personally identifiable information detection in production with Rakuten.

source ↗

Apr 2025
Goodfire announces $50M Series A led by Menlo Ventures

Goodfire announced a $50 million Series A led by Menlo Ventures with participation from Lightspeed Venture Partners, Anthropic, B Capital, Work-Bench, Wing and South Park Commons, to expand research and develop its Ember interpretability platform.

$50M source ↗

Apr 2025
Collaboration with Arc Institute on Evo 2 DNA foundation model

Arc Institute co-founder Patrick Hsu described Goodfire, one of its earliest collaborators, as instrumental in extracting novel biological concepts from the Evo 2 DNA foundation model; Goodfire's interpretation of Evo 2 internal representations was published in Nature.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
GoodfireDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Goodfire do?
Goodfire is a San Francisco AI research lab building interpretability tools to understand, debug and intentionally design neural networks.
Who founded Goodfire?
Goodfire was founded by Tom McGrath, Daniel Balsam, Eric Ho in 2023.
Who are Goodfire's investors?
Goodfire's investors include B Capital Group, B4 Capital, Compound, Juniper Ventures Management, Llc, Lightspeed Venture Partners, Menlo Ventures, Mythos Ventures Management, Llc, South Park Commons and 4 more.
How much funding has Goodfire raised?
Goodfire has disclosed $202M raised across 2 rounds.
Where is Goodfire headquartered?
Goodfire is headquartered in San Francisco, US.