According to Reuters,Together AI Declare that inup to dateOne roundFinancingraised $106 million in a round led by Salesforce Ventures, valuing the company at $1.25 billion. The financing was also backed by existing investors such as Coatue Management, Lux Capital and Emergence Capital.
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Together AI was founded in 2022 and is known for providing access to Nvidia GPUs. The company is currently working on expanding its platform to help developers build or customize theiropen source artificial intelligence model. According to the company's CEO, Vipul Ved Prakash, the new funding will be used to expand computing power and recruit researchers to build new model architectures. Currently, Together AI has 45,000 registered users from AI startups and multinational organizations.
Rob Keith, Managing Director of Salesforce Ventures, said that customers primarily come for the GPUs, but stay because of the workflow services and research support the company provides.Prakash said that for people who want to work with open or custom models and deploy them to large-scale applications, Together AI is becoming theFirst choiceOne.
The funding is another successful round for Together AI since it raised $102.5 million in a Series A round led by Kleiner Perkins in November. Investor interest in AI startups continues to grow, thanks to their optimism that these companies can make breakthroughs in AI technology and challenge industryLeaderspotential.