Together AI Raises $800 Million Led by Prosperity7 at $8.3 Billion Valuation
Together AI raised $800 million led by Saudi Aramco's Prosperity7, bringing the company's valuation to $8.3 billion. The funding round brings the open-source AI infrastructure platform's total capital raised to $1.3 billion.
The investment highlights a push by sovereign wealth funds to back the companies building the backend of the artificial intelligence industry. Together AI, founded four years ago, provides cloud-based access to open-weight models for developers and enterprises. The capital provides funds to expand infrastructure and support growing demand for accessible open-source models as frontier labs increasingly restrict distribution of their most advanced systems.
From the sources (3 posts)
@techmemeTogether AI, which offers access to open-source models, raised $800M led by Saudi Aramco's Prosperity7 at an $8.3B valuation, taking its total funding to $1.3B (@nikogallogly / New York Times) (Visit Techmeme dot com for the link and full
@togethercomputeFour years ago we made a bet on open-source AI. Today the numbers speak for themselves. Proud to announce our next milestone🚀
@mpolicastroTogether AI Raises $800 Million at $8.3 Billion Valuation to Make Frontier AI Accessible to All -