(Bloomberg) — Together AI, a startup specializing in artificial intelligence solutions, has successfully secured an impressive $305 million from investors. This round of funding, spearheaded by General Catalyst, elevates the company’s valuation to a striking $3.3 billion, underscoring the growing corporate interest in AI technologies.
The funding effort was co-led by Saudi Arabia’s Prosperity7 Ventures, with participation from a range of notable investors including Salesforce Ventures, Nvidia Corp., Kleiner Perkins, Emergence Capital, Lux Capital, and Coatue Management.
Together AI offers a comprehensive platform that equips developers with both open-source AI models and the computational power needed to develop AI-driven applications. “We offer a truly end-to-end solution,” stated Vipul Ved Prakash, the company’s CEO. “This encompasses everything from Nvidia’s data centers and computing clusters to the software layers and platform services we provide, which helps our clients launch swiftly and effectively.”
The rising demand for AI in the business sector has fueled Together AI’s rapid expansion. The startup recently crossed the $100 million mark in annualized revenue, a significant leap from the $30 million it recorded in February 2024, according to a source with direct knowledge of the finances, who requested anonymity concerning the private details.
Details of this new funding round were initially reported by The Information.
Through Together AI, customers have access to over 200 open-source models, including those from Meta Platforms Inc.’s Llama and the Chinese AI startup DeepSeek. Prakash emphasized that access to open-source models is vital for driving innovation. “We firmly believe that the development of this technology should be open and transparent. It’s a crucial tool for humanity,” he elaborated during a Bloomberg Television segment.
Nvidia figures prominently in Together AI’s plans, not just as an investor but also as a technology partner. Together AI has integrated Nvidia’s hardware into its services and is planning to roll out Nvidia’s Blackwell GPUs across its data centers, Prakash noted.
The company’s valuation has seen a dramatic rise from $1.25 billion in March 2024. Moving forward, Prakash aims to use some of the new funds to double the size of Together AI’s current workforce, which stands at 160, by the end of 2025.
