Together AI, a San Francisco, CA-based artificial intelligence startup that offers cloud-based infrastructure and services, has raised $106 million in funding, bringing its valuation to $1.25 billion.
Investors
The round was led by Salesforce Ventures and saw participation from others including Coatue Management, Lux Capital, and Emergence Capital.
Founded in 2009, Salesforce Ventures is a corporate venture capital arm of Salesforce and is based in San Francisco, California. The firm seeks to invest in cloud-based and technology companies.
Together AI Use of Funds
The funding from the latest round will enable Together AI to lease more computing power from cloud infrastructure providers and hire additional researchers to design more powerful open-source AI models.
About Together AI
Founded in June 2022 by Vipul Ved Prakash, along with co-founders Ce Zhang, Percy Liang, and Chris Re, Together AI is a research-driven AI company that provides a cloud-based platform designed for constructing open-source generative AI and infrastructure for developing AI models. Together AI's infrastructure spans data centers across the U.S. and Europe, providing over 20 exaflops of compute power. The startup offers GPU clusters ranging from 16 modules to as many as 2,048, catering to various AI workload requirements. The startup also assists in designing and building customized LLMs for specific workloads, eliminating the need for extensive AI expertise.
Funding Details
Company: Together Computer Inc.
Raised: $106.0M
Round: Unknown
Lead Investor: Salesforce Ventures
Additional Investors: Coatue Management, Lux Capital, Emergence Capital
Company Website: https://www.together.ai/
Software Category: AI Research and Model Development
Source: https://siliconangle.com/2024/03/13/together-ai-closes-another-bumper-funding-round-value-soars-1-25b/