Together AI Raises $800 Million to Scale Open-Source Models
Together AI Raises $800 Million to Scale Open-Source Models
Publish Date: 2026-07-01 14:40:00
Source Domain: www.pymnts.com
- Together AI raised $800 million in a Series C funding round, valuing the company at $8.3 billion.
- The funding round was led by Aramco Ventures, which saw the potential in Together AI’s scaling efforts.
- Together AI focuses on open-source AI models to provide cost-efficient, scalable solutions for enterprises.
- The company’s infrastructure helps reduce inferences costs for customers as much as sixfold.
- The new funding will be used to expand its infrastructure, grow its product features, and increase its capacity and infrastructure footprint.
- Together AI has experienced substantial growth with its annual bookings hitting $1.15 billion recently.
- The industry’s use of open-source models has tripled in the past year, reflecting Together AI’s market trend and interest.
- The company is committed to making AI intelligence abundant and accessible through open-source technologies.
