Together AI: Open-Source AI Cloud Hits US$8.3bn Valuation
Together AI’s Vipul Ved Prakash is building an AI native cloud for open-source models, with US$1.15bn in bookings and over a million developers
TL;DR
- Together AI offers an AI-native cloud platform for open-source models, achieving US$1.15 billion in bookings and serving over one million developers.
- Clients report substantial cost savings (6-60 times less) compared to closed-source alternatives.
- The platform supports the full AI model lifecycle: training, fine-tuning, and serving, with a focus on inference speed and low latency.
- The company is aggressively expanding its global infrastructure, securing power capacity in North America and Saudi Arabia, and contracting a large number of NVIDIA GPUs.
- Together AI raised US$800 million in a Series C funding round, valuing the company at US$8.3 billion, and plans to increase computing capacity significantly.
- Key partners include NVIDIA, Humain, Hypertec, 5C Group, and Rumble, providing hardware, power, and data center capacity.
- Together AI is challenging hyperscalers by providing enterprises with choice in model selection and reduced computing costs.