TOGETHER AI VALUED AT $1.25 BLN IN SALESFORCE-LED FUNDING ROUND
Together AI, backed by Nvidia, announced on Wednesday that it has successfully raised $106 million in a new funding round. This significant influx of capital has doubled the company's valuation since last fall, highlighting the strong investor interest in startups leveraging generative AI technologies. The funding round was led by Salesforce Ventures, with participation from Coatue Management and existing investors such as Lux Capital and Emergence Capital. Together AI is now valued at $1.25 billion, reflecting the confidence of investors in its growth potential.
Founded in 2022, Together AI initially gained traction by providing access to Nvidia's highly sought-after graphics processing units (GPUs). Building on this momentum, the company aims to evolve into a comprehensive platform that empowers developers to create and customize their own open-source AI models. This expansion strategy positions Together AI at the forefront of innovation in the rapidly growing field of AI technology.
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