Startup Together AI Valued at $3.3 Billion as AI Demand Grows (1)

Startup Together AI, which provides users access to artificial intelligence computing, has raised $305 million from investors in deal led by General Catalyst, bringing the valuation of the company to $3.3 billion — a signal that corporate demand for AI is still strong.

Saudi Arabia’s Prosperity7 Ventures co-led the round, which also included Salesforce Ventures, Nvidia Corp., Kleiner Perkins, Emergence Capital, Lux Capital, Coatue Management and other investors.

Together AI’s platform allows developers to access open source AI models and the compute power necessary to build AI applications. “We provide a very end-to-end service,” Chief Executive Officer Vipul Ved Prakash said. “This includes data ...