Together AI, a startup backed by Nvidia, has raised $106 million in a funding round led by Salesforce Ventures, valuing the company at $1.25 billion. Founded in 2022, Together AI provides access to Nvidia’s GPUs and aims to expand into a platform that assists developers in building or customizing open-source AI models.
Meet the Minds Behind Together AI
Founded in 2022, Together AI is led by CEO Vipul Ved Prakash, with support from investors such as Salesforce Ventures, Coatue Management, Lux Capital, and Emergence Capital. The team at Together AI is focused on leveraging AI technology to provide innovative solutions for developers and enterprises.
Backers and Investors Fueling Growth
Together AI’s recent funding round was led by Salesforce Ventures, with participation from Coatue Management and existing investors Lux Capital and Emergence Capital. This significant investment highlights the growing interest in AI startups and the potential of Together AI’s platform to revolutionize the industry.
Expanding AI Capabilities and Reach
With the new funding, Together AI plans to lease more computing power from cloud providers and hire researchers to develop new model architecture. The startup aims to enhance its platform’s capabilities and cater to the growing demand for open-source and customized AI models in large-scale applications.
Benefiting the Industry
Together AI’s platform offers developers access to Nvidia’s GPUs and workflow services, empowering them to build and deploy AI models more efficiently. By democratizing access to AI technology, Together AI is poised to drive innovation and accelerate the adoption of AI across industries.
Conclusion
As AI technology continues to evolve, startups like Together AI play a crucial role in driving its development and adoption. With the support of investors and a dedicated team, Together AI is well-positioned to make significant contributions to the AI industry and shape the future of technology.
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FAQs
Q1. What sets Together AI apart from other AI startups?
Together AI stands out for its focus on providing access to Nvidia’s GPUs and assisting developers in building or customizing open-source AI models. The platform’s innovative approach to democratizing AI technology sets it apart in the industry.
Q2. How will the new funding be utilized by Together AI?
Together AI plans to use the new funding to lease more computing power, hire researchers, and develop new model architecture. This investment will enable the startup to enhance its platform’s capabilities and cater to the growing demand for AI solutions in large-scale applications.
