(Bloomberg) – Startup together AI, which gives users access to artificial intelligence computing, raised $ 305 million from investors in a general catalyst led deal, bringing the company pricing to $ 3.3 billion that corporate demand for AI is still strong.
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Saudi Arabian Prosperity Co-venues on the Round, which also included Salesforce Ventures, Nvidia Corp., Kleiner Perkins, appearance capital, Lux capital, Coatue control and other investors.
Together an AI platform allows developers to access open source AI models and the computer power necessary to build AI applications. “We provide a service from start to finish,” said CEO Vipul Ved Prakash. “This includes data centers and computer clusters from Nvidia, and the software layers and platform services.” The result allows customers together to “rise and run very quickly,” he said.
As the demand for AI grows in the corporate world, AI is seeing rapid growth, the company said. Recently exceeded $ 100 million in annual revenue, a jump of the $ 30 million in annual revenue it received in February 2024, according to an individual who is familiar with the issue who requested not to be identified discusses private information.
Previously, the information reported some details of the new funding.
Customers can use more than 200 open source models through AI platform together, including Llama Meta Platforms Inc. and those from the initial of Chinese Deepseeek. Open source AI models are key to innovation, so the company wants to offer access to as many as possible, Prakash said.
“We believe this technology should be developed outdoors, transparently. This is actually a basic tool for humanity, ”he said in a Bloomberg TV interview.
Nvidia is an investor and partner for AI together, who has built its service on Nvidia hardware, Prakash said. The startup plans to use the Nvidia Blackwell GPU in its data centers.
Together the latest AI valuation is a significant leap of its $ 1.25 billion valuation in March 2024. Prakash said the company plans to use the new funding in part to double its workforce from 160 by the end of 2025.
(Updates the list of investors in the second paragraph and adds quotes from a television interview in paragraph six.)