Together AI Raises $800 Million at $8.3 Billion Valuation for Open-Source AI Models
By
Niko Gallogly
Summary
Together AI, an open-source AI model startup, announced an $800 million funding round at an $8.3 billion valuation, led by Prosperity7 Ventures (Saudi Aramco's venture arm) with participation from Nvidia. The round brings Together AI's total funding to $1.3 billion, reflecting growing venture capital interest in cheaper, open-source AI alternatives as companies race for cost-effective AI solutions.
Source
Twitter / XTogether AI Raises $800 Million at $8.3 Billion Valuation for Open-Source AI Modelsnytimes.comKey quotes
· 2 pulledThe venture capital community has taken notice.
Together AI announced an $800 million funding round at an $8.3 billion valuation, bringing its total funding to $1.3 billion.
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