Together AI Raises $106M in Series A
Together AI has successfully raised $106M in a Series A at a $1.2B valuation led by Salesforce Ventures, Kleiner Perkins.
Company Overview
Together AI is a AI/ML company headquartered in San Francisco, CA, founded in 2022 with 120+ employees.
Decentralized cloud for AI model training
Fundraising Details
- Amount Raised: $106M
- Round Type: Series A
- Valuation: $1.2B
- Date: 2024-03-13
- Investors: Salesforce Ventures, Kleiner Perkins
About Together AI
Decentralized cloud for AI model training The company is positioned in the AI/ML sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Francisco, CA
- Founded: 2022
- Team Size: 120+
- Industry: AI/ML
What This Means
This funding round demonstrates strong investor confidence in Together AI's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The AI/ML sector continues to attract significant investment as companies innovate to meet evolving market demands. Together AI's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1.2B valuation marks an important milestone for Together AI, positioning the company among notable players in the AI/ML industry.
Looking Ahead
With this new capital, Together AI is well-positioned to execute on its growth strategy and continue building innovative solutions in the AI/ML space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-03-13. For more information about Together AI, visit their headquarters at San Francisco, CA.
