Together AI Secures $305M Series B to Expand AI Acceleration Cloud
Deal News | Feb 20, 2025 | PR Newswire Cision Together AI
Together AI, headquartered in San Francisco, has raised $305 million in a Series B funding round to expand its AI Acceleration Cloud. The round was led by General Catalyst, with Prosperity7 as co-leader, and included notable investors such as Salesforce Ventures, NVIDIA, and Kleiner Perkins. Now valued at $3.3 billion, Together AI plans a large deployment of NVIDIA Blackwell GPUs to enhance its platform aimed at building modern AI applications with open source models. The company serves over 450,000 AI developers and enterprises, leveraging advanced tools to offer high-performance AI solutions. Expanding infrastructure and strategic partnerships underscore its growth, with a significant presence in North America. Together AI's focus on open source AI reflects the industry's shift from proprietary models, allowing it to deliver efficient, scalable solutions to meet global business demands.
Sectors
- Artificial Intelligence
- Cloud Computing
- Venture Capital
Geography
- United States – Together AI is headquartered in San Francisco, highlighting its operations and influence in the U.S. tech industry.
- North America – The deployment of NVIDIA GPUs across data centers underscores the importance of the North American market in Together AI's strategy.
Industry
- Artificial Intelligence – Together AI operates in the AI sector, providing infrastructure for training, fine-tuning, and running inference models, catering to developers and enterprises globally.
- Cloud Computing – The company's focus on expanding its AI Acceleration Cloud involves significant computing infrastructure, highlighting the relevance to the cloud computing sector.
- Venture Capital – The $305 million Series B funding round led by prominent VC firms reflects the importance of venture capital in driving Together AI's growth.
Financials
- $305 million – Amount raised in Together AI's Series B funding round.
- $3.3 billion – Valuation of Together AI following the Series B funding.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Together AI | Target Company | Company | Leading AI Acceleration Cloud provider, focused on training and deploying AI models. |
| General Catalyst | Lead Investor | Company | Venture capital firm leading the Series B funding round for Together AI. |
| Prosperity7 | Co-Lead Investor | Company | Co-investor in the Series B round alongside General Catalyst. |
| Salesforce Ventures | Investor | Company | Strategic investment arm of Salesforce, participating in the funding round. |
| NVIDIA | Technology Partner | Company | Provides GPUs that are critical for Together AI’s infrastructure expansion. |
| Vipul Ved Prakash | CEO | Person | Founder and CEO of Together AI, driving the company's strategic direction. |
| Marc Bhargava | Managing Director | Person | Managing Director at General Catalyst, involved in the funding process. |
| Abhishek Shukla | Managing Director | Person | Managing Director at Prosperity7 Ventures, involved in the funding process. |