AI BriefingarXiv Secures $17.2 Million in Multiyear Funding to Launch as Independent Nonprofit
·2026.09.24 18:43
Key point
arXiv has secured $17.2 million in multiyear philanthropic commitments from Simons Foundation International, XTX Markets, and Siegel Family Endowment to support its launch as an independent nonprofit.
Details
arXiv has secured $17.2 million in multiyear philanthropic commitments to support its transition into an independent nonprofit organization. The investment spans three to five years and comes from three major backers: Simons Foundation International, XTX Markets, and Siegel Family Endowment.
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