Together AI Raises $1 Billion At $7.5 Billion Valuation From Investors

Together AI has raised $1 billion in new funding at a $7.5 billion valuation. This transaction marks a significant increase from its previous valuation of $3.3 billion after a $305 million Series B round just over a year ago.

Summary of transaction details:

• Deal Type: Funding
• Transaction Amount: $1,000,000,000
• Valuation: $7,500,000,000
• Founded: 2022
• CEO: Vipul Ved Prakash
• Headquarters: San Francisco, California
• Notable Customers: Salesforce, Zoom, The Washington Post
• Customer Base: More than one million developers and thousands of customers

Together AI started by offering access to Nvidia GPUs and open-source AI models, evolving into an “AI Native Cloud” platform that facilitates large-scale inference, pre-training, and model development. The company reports rapid revenue growth and multiple seven-figure customer deals, driven by increasing demand for open-source AI infrastructure.