💰Together AI Raises $800M Series C at $8.3B Valuation
TL;DR
Together AI closed an $800M Series C led by Aramco Ventures, lifting its valuation to $8.3B from $3.3B just 16 months ago. The neocloud rents Nvidia GPU clusters and now claims $1.15B in annual bookings as enterprises pick cheaper open models.
Together AI closed an $800M Series C led by Aramco Ventures, lifting its valuation to $8.3B from $3.3B just 16 months ago. The neocloud rents Nvidia GPU clusters and now claims $1.15B in annual bookings as enterprises pick cheaper open models.
Key Points
$800M Series C led by Aramco Ventures; Nvidia, Vista Equity, General Catalyst joined
Valuation jumped to $8.3B from $3.3B at the Series B roughly 16 months earlier
Annual bookings topped $1.15B in the last quarter
Business is renting Nvidia GPU clusters and open-model inference to enterprises
Why It Matters
The raise is a bet that inference on cheaper open models, not frontier API calls, is where enterprise AI spend is heading.
Quick Facts
Frequently Asked Questions
Why does this matter?
The raise is a bet that inference on cheaper open models, not frontier API calls, is where enterprise AI spend is heading.
What happened?
Together AI closed an $800M Series C led by Aramco Ventures, lifting its valuation to $8.3B from $3.3B just 16 months ago. The neocloud rents Nvidia GPU clusters and now claims $1.15B in annual bookings as enterprises pick cheaper open models.
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