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Together AI Raises $800M at $8.3B Valuation | Business and Finance News
Description
Together AI just smashed it with an $800M funding round, pushing its valuation to $8.3B—more than double its previous worth. Backed by giants like Aramco, Nvidia, and Vista Equity, the company is revolutionizing AI access by offering affordable, customizable open-source models powered by DeepSeek and Kimi. Businesses like Cursor and Decagon are already cutting costs dramatically, with Decagon saving 70% and bookings hitting $1.15B last quarter. Open-source AI adoption has tripled in a year. With this cash, Together AI plans to scale infrastructure 50x over five years and may go public soon. Total raised now: $1.3B. The AI infrastructure race is heating up fast.
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