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Together AI's Rise to Billion Dollar Valuation Sparks Major Investor Interest
Description
Together AI raised $305 million in a funding round led by General Catalyst and Saudi Arabia's Prosperity7 Ventures, achieving a valuation of $3.3 billion, up from $1.25 billion after a previous funding round. Significant investors included Salesforce Ventures, Nvidia, Kleiner Perkins, and Coatue. Together AI reported annualized revenue exceeding $100 million, an increase from $30 million in February. Investments in AI startups showed strong momentum, with Anthropic securing $1 billion from Google in January, and over $42 billion invested in AI startups during the fourth quarter of the previous year, nearly double the prior quarter’s investment.
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