AI Startup Together AI Secures $106M in Funding for Expansion
March 19, 2024, 9:31 pm
Location: United States, California, San Francisco
Employees: 11-50
Founded date: 2022
Total raised: $228.5M
Together AI, a leading generative AI startup, recently announced a significant milestone in its funding journey. With a massive $106 million raised in a new round led by Salesforce Ventures, the company's valuation now stands at an impressive $1.25 billion. This funding influx will fuel Together AI's expansion plans and solidify its position as a key player in the AI landscape.
Founded in 2022, Together AI has quickly established itself as a go-to platform for open-source generative AI models. With a growing community of over 45,000 developers utilizing its serverless APIs, the company has seen exponential growth, tripling its traffic month over month. The team behind Together AI, including CEO Vipul Ved Prakash and Chief Scientist Tri Dao, has been at the forefront of innovation in the AI space.
One of Together AI's key offerings is its FlashAttention v2 tool, which has been adopted by industry giants like OpenAI and Meta for developing cutting-edge Language and Learning Models. Leveraging advanced techniques like Medusa and Flash-Decoding, Together AI has engineered the fastest inference stack for transformer models, making it a valuable resource for developers looking to build AI applications.
The company's research lab is also pioneering sub-quadratic models, paving the way for a more compute-efficient approach to long-context AI models. With an impressive 20 exaflops of compute power across its data centers, Together AI serves a diverse range of clients, including Pika Labs and Voyage AI, who leverage its model-serving APIs to drive innovation in their respective fields.
As the AI startup landscape continues to evolve, investors are increasingly placing their bets on firms like Together AI that are challenging industry incumbents. With a focus on open research, open science, and trust between developers and enterprises, Together AI is well-positioned to lead the charge in reshaping the AI industry with its visionary approach to generative AI.
In a world where AI is becoming increasingly ubiquitous, companies like Together AI are paving the way for a future where open-source models and tools drive innovation and empower developers to create the next generation of AI applications. With this latest funding round, Together AI is poised to accelerate its growth and make a lasting impact on the AI ecosystem.
Founded in 2022, Together AI has quickly established itself as a go-to platform for open-source generative AI models. With a growing community of over 45,000 developers utilizing its serverless APIs, the company has seen exponential growth, tripling its traffic month over month. The team behind Together AI, including CEO Vipul Ved Prakash and Chief Scientist Tri Dao, has been at the forefront of innovation in the AI space.
One of Together AI's key offerings is its FlashAttention v2 tool, which has been adopted by industry giants like OpenAI and Meta for developing cutting-edge Language and Learning Models. Leveraging advanced techniques like Medusa and Flash-Decoding, Together AI has engineered the fastest inference stack for transformer models, making it a valuable resource for developers looking to build AI applications.
The company's research lab is also pioneering sub-quadratic models, paving the way for a more compute-efficient approach to long-context AI models. With an impressive 20 exaflops of compute power across its data centers, Together AI serves a diverse range of clients, including Pika Labs and Voyage AI, who leverage its model-serving APIs to drive innovation in their respective fields.
As the AI startup landscape continues to evolve, investors are increasingly placing their bets on firms like Together AI that are challenging industry incumbents. With a focus on open research, open science, and trust between developers and enterprises, Together AI is well-positioned to lead the charge in reshaping the AI industry with its visionary approach to generative AI.
In a world where AI is becoming increasingly ubiquitous, companies like Together AI are paving the way for a future where open-source models and tools drive innovation and empower developers to create the next generation of AI applications. With this latest funding round, Together AI is poised to accelerate its growth and make a lasting impact on the AI ecosystem.