Total amount raised
$533.5 Millions
Latest funding date
Location
Together AI has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform specializes in providing cloud-based solutions for constructing open-source generative AI and developing AI models.
Keep reading to explore the intricacies of Together AI's fundraising journey and the investors backing this innovative platform.
What Is Together AI?
Together AI, founded on June 11, 2022, is based in San Francisco, California. The company was established by Ce Zhang, Chris Re, Percy Liang, and Vipul Ved Prakash.
Specializing in cloud-based solutions, Together AI focuses on constructing open-source generative AI and developing AI models. Their platform offers products like the Together Inference Engine, Serverless Endpoints, and GPU Clusters.
With a team of 101-250 employees, Together AI is dedicated to pushing the boundaries of AI through innovative research and decentralized cloud services.
How Much Funding Has Together AI Raised?
- Seed Round
- Amount Raised: $20M
- Date: May 2023
- Lead Investors: Lux Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their AI platform and attract early adopters.
- Series A
- Amount Raised: $102.5M
- Date: November 2023
- Lead Investors: Kleiner Perkins, NVIDIA
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and integrate advanced AI capabilities.
- Series A
- Amount Raised: $106M
- Date: March 2024
- Lead Investors: Salesforce Ventures
- Valuation at Round: $1.25 billion
- Motivation Behind the Round: To expand the platform's reach and enhance its infrastructure.
- Series B
- Amount Raised: $305M
- Date: February 2025
- Lead Investors: General Catalyst, Prosperity7 Ventures
- Valuation at Round: $3.3 billion
- Motivation Behind the Round: To solidify its position as an end-to-end platform for building with open-source models.
Total Amount Raised: $533.5M. Current Valuation: $3.3 billion.
Key Investors
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies. They focus on creating powerful, positive change that endures.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Airbnb, Stripe, Snap.
- Prosperity7 Ventures
- Details: Prosperity7 Ventures is the diversified growth fund of Aramco Ventures, focusing on transformative technologies. They aim to support innovative business models across various sectors.
- Investment Focus Areas: Energy, sustainability, technology.
- Notable Investments: Beyond Meat, Magic Leap, Rigetti Computing.
- Salesforce Ventures
- Details: Salesforce Ventures is the global investment arm of Salesforce, investing in the next generation of enterprise technology. They focus on companies that extend the power of the Salesforce platform.
- Investment Focus Areas: Cloud computing, enterprise software, AI.
- Notable Investments: Zoom, DocuSign, Snowflake.
- NVIDIA
- Details: NVIDIA is a technology company known for its GPUs and AI computing. They invest in companies leveraging AI, machine learning, and high-performance computing.
- Investment Focus Areas: AI, gaming, data centers, autonomous vehicles.
- Notable Investments: Graphcore, Cerebras Systems, Deep Instinct.
- Kleiner Perkins
- Details: Kleiner Perkins is a venture capital firm that invests in early-stage and growth companies. They have a long history of backing transformative technology and life sciences companies.
- Investment Focus Areas: Technology, life sciences, clean technology.
- Notable Investments: Google, Amazon, Twitter.
What's Next for Together AI?
Together AI stands at the cusp of significant growth, driven by the expansion of its AI Acceleration Cloud and the integration of advanced technologies like NVIDIA Blackwell GPUs. With a valuation of $3.3 billion and a user base of over 450,000 AI developers, the company is well-positioned to capitalize on the increasing demand for AI solutions. The recent $305 million Series B funding round underscores the vast opportunities available, including the potential to serve a broader range of enterprises and enhance its platform capabilities.
Future fundraising opportunities appear promising, with the potential for additional venture capital rounds or strategic investments to support continued expansion. However, the company may face challenges such as intense competition from other AI cloud providers and the need to keep pace with rapid technological advancements. Ensuring the scalability and reliability of its platform will be crucial as Together AI navigates these hurdles and strives to maintain its leadership in the AI infrastructure space.
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