Neocloud Together AI raises $800M, leaps to $8.3B valuation
Together AI, an AI neocloud founded in 2022, has raised an $800 million Series C at an $8.3B valuation, the company announced on Wednesday.
The round was led by Aramco Ventures, with participation from Vista Equity Partners, General Catalyst, Emergence Capital, Nvidia, March Capital, Pegatron, SentinelOne’s S Ventures and others.
Together AI last raised a $305M Series B at a $3.3 billion valuation about 16 months ago. It actually came out of gate well funded, with a $102.5 million Series A funding round led by Kleiner Perkins with participation from Nvidia and Emergence Capital back in 2023.
There were whispers of this round back in March, when The Informationreported that the company was seeking $1 billion in funding, but at a $7.5 billion valuation. So, if the numbers in that report were accurate, that means that Together AI took less money, but perhaps got a better deal from...
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