Together AI, a San Francisco, CA-based startup focused on creating open-source generative AI and AI model development infrastructure, has closed a $102.5 million Series A funding.
SaaS Investors
The round was led by Kleiner Perkins, with participation from Nvidia and Emergence Capital.
Kleiner Perkins is a venture capital firm that specializes in investing in early-stage, incubation, and growth companies. Founded in 1972, and based in Menlo Park, California, the firm prefers to invest in seed-stage, early-stage, and later-stage companies in the United States, Canada, the Middle East, the United Kingdom, North America, and Mainland China.
Together AI Use of Fund
The company will use the funds to expand its cloud platform, enabling developers to build on open and custom AI models. The company aims to create a generative AI strategy that is free from vendor lock-in and believes that generative AI is a platform technology with a long-range impact on human society.
About Together AI
Established in June 2022 by Vipul Ved Prakash, Ce Zhang, Percy Liang, and Chris Re, Together is an AI company that has built a cloud platform for running, training, and fine-tuning models. Together operate a cloud infrastructure in data centers in the U.S. and EU, partnering with companies like Crusoe Cloud and Vultr. In addition to the cloud service, Together offers a consulting service called Custom Models, allowing customers to bring their own data to the platform and work with Together's team to design, build, and test a model. They provide around 20 exaflops of computing in total, scaling in clusters from 16 GPUs to 2,048 GPUs. The company's notable customers include NexusFlow, Voyage AI, and Cartesia.
Funding Details
Company: Together Computer Inc.
Raised: $102.5M
Round: Series A
Funding Month: November 2023
Lead Investors: Kleiner Perkins
Additional Investors: Nvidia and Emergence Capital
Company Website: https://www.together.ai/
Software Category: AI Development Platform
Source: https://techcrunch.com/2023/11/29/together-lands-102-5m-investment-to-grow-its-cloud-for-training-generative-ai/