Together AI raises $800M led by Saudi Aramco Ventures at $8.3B valuation

Together AI, a provider of AI infrastructure and GPU compute, has secured $800 million in Series C funding at an $8.3 billion valuation. The round was led by Aramco Ventures, the investment arm of Saudi Arabia's state-owned oil company, with participation from other major investors. This funding highlights a shift in AI infrastructure investment, with significant capital now coming from energy-rich nations seeking diversification, which could lead to more affordable access to open-source models for businesses. AI

IMPACT This significant funding could lower the cost of AI inference for businesses by increasing competition in the specialized cloud infrastructure market.

RANK_REASON Major funding round for an AI infrastructure provider led by a non-traditional investor. [lever_c_demoted from significant: ic=1 ai=0.7]

Read on dev.to — LLM tag →

• Aramco Ventures
• AWS
• Cognition
• Cursor
• Decagon
• Emergence Capital
• General Catalyst
• Google.Cloud
• March Capital
• NVIDIA
• PEGATRON
• Saudi Arabia
• SentinelOne
• S Ventures
• TechCrunch
• Together AI
• Vista Equity Partners

• funding
• infra

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →