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Together AI Raises $800M at $8.3B Valuation | Tech News
Description
Together AI just raised $800 million at a $8.3 billion valuation, led by Aramco Ventures and joined by Nvidia, Vista Equity, and General Catalyst — a smarter deal than rumored earlier. With $1.15 billion in annual bookings, the company is powering a boom in open-source AI adoption, tripling industry usage in a year. Backed by ex-Apple acquisition founder Vipul Ved Prakash and top AI minds, Together AI is fueling the “neocloud” trend where companies ditch pricey proprietary models for cheaper, scalable AI infrastructure.
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