arXiv receives 17.2 million multiyear investment

"arXiv is pleased to announce that three leading philanthropic organizations have provided multimillion-dollar support for arXiv. These new multiyear philanthropic commitments from Simons Foundation International, XTX Markets, and Siegel Family Endowment will support platform development, organizational capacity, and overall provide foundational support to arXiv’s establishment as an independent nonprofit. The $17.2 million investment, spanning three to five years, will support arXiv as it transitions to independence by strengthening its technical infrastructure, supporting ongoing operations, and improving services for researchers around the world."