An AI startup Together AI attracted $305 million from investors in a transaction led by General Catalystas a result, its market valuation reached $3.3 billion, reports Bloomberg. According to the agency, this indicates a continuing high corporate demand for artificial intelligence technologies.
One of the key participants of the round was Saudi Arabia Prosperity7 Ventures. Also participating in the transaction were Salesforce Ventures, Nvidia Corp., Kleiner Perkins, Emergence Capital, Lux Capital and other investors.
Together AI provides developers with access to Open source AI models and the necessary computing power to create applications. General Director of the company Vipul Ved Prakash he clarified that the startup offers comprehensive services, including Nvidia data centers and compute clusters.
As corporate interest in AI grows Together AI demonstrates rapid growth. According to the source Bloomberg, the company's annual revenue recently exceeded $100 million, which is significantly higher than the indicator in $30 million in February 2024. The latest market valuation of a startup has increased significantly compared to the previous year. $1.25 billion in March 2024.
The company intends to direct the attracted investments to expand the planned staff. double by the end of 2025. Now in Together AI works 160 employees.
Earlier Bloombergreferring to an informed source, he reported that AI startup Safe Superintelligence (SSI), co-founded by a former lead researcher OpenAI Ilya Sutskever, attracts more than $1 billion in a new round of funding. The company's valuation during the transaction exceeds $30 billion.
SSI's lead investor is a venture capital firm Greenoaks Capital Partners, the agency notes. This makes the startup one of the best companies in the world. the most expensive private technology companies in the world. During the previous round in September 2024, its cost was estimated at $5 billion, wrote Reuters.
