Summary:
Together AI raises $305 million, reaching a valuation of $3.3 billion.
The platform offers access to 200+ open source AI models, enabling rapid AI application development.
Annualized revenue has surged from $30 million to over $100 million.
Plans to double workforce by the end of 2025.
Significant partnership with Nvidia to enhance computing capabilities.
Together AI's Remarkable Growth
Together AI, a pioneering startup in artificial intelligence computing, has made headlines by raising $305 million from prominent investors, including General Catalyst and Saudi Arabia's Prosperity7 Ventures. This funding round has catapulted the company's valuation to an impressive $3.3 billion, highlighting the robust demand for AI solutions in the corporate sector.
Key Features of Together AI's Platform
The platform enables developers to access open source AI models and the necessary computing power to create innovative AI applications. According to CEO Vipul Ved Prakash, Together AI offers a comprehensive service that includes:
- Data centers and computing clusters powered by Nvidia
- Software layers and platform services that facilitate rapid deployment for customers
With this infrastructure, clients can quickly start their AI projects, reflecting the surge in corporate interest in AI technologies.
Rapid Revenue Growth
Together AI's revenue trajectory has been remarkable, surpassing $100 million in annualized revenue, up from just $30 million in February 2024. This growth underscores the increasing reliance on AI in business operations.
Access to Diverse AI Models
The platform provides access to over 200 open source models, including those from Meta Platforms Inc. and DeepSeek. Prakash emphasizes the importance of transparency and open development in AI, stating, "This technology should be developed in the open, transparently. This is really a fundamental tool for humanity."
Future Plans and Workforce Expansion
With its valuation skyrocketing from $1.25 billion in March 2024, Together AI plans to leverage the new funding to double its workforce of 160 by the end of 2025. The startup is also set to deploy Nvidiaâs Blackwell GPUs in its data centers, enhancing its service capabilities.
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