arXiv Secures $17.2 Million Multi-Year Funding to Transition Into Independent Nonprofit
arXiv, the widely used preprint repository for scientific papers, has secured $17.2 million in multi-year funding pledges to become an independent nonprofit organization. Three funding organizations committed the support over a period of three to five years. The move marks a significant structural shift for a platform that has operated under Cornell University for decades. What Happened arXiv announced it has secured a total of $17.2 million in multi-year funding commitments to support its transition into an independent nonprofit organization. The pledges come from three funders — Simons Foundation International, XTX Markets, and Siegel Family Endowment — and will be disbursed over a three-to-five-year period. Part of the funding is earmarked for strengthening arXiv's technical infrastructure. Background: Why arXiv Matters Launched in 1991, arXiv has long served as the primary preprint server for researchers in physics, mathematics, computer science, and statistics. Instead o...