News Report Technology
November 30, 2023

Together AI Raises Over $102 Million to Propel Open-Source Generative AI

In Brief

Generative AI startup Together AI announced it successfully raised $102.5 million in Series A funding round to expand its AI cloud platform.

Together AI Raises Over $102 Million to Propel Open-Source Generative AI

US-based generative AI startup Together Computer Inc. — commonly known as Together AI, has announced the successful closure of a $102.5 million Series A funding round.

Founded in June 2022 by Vipul Ved Prakash, Together AI is working to help develop generative AI models by building an open-source infrastructure. The cloud-based platform aims to empower developers, enabling them to craft open and customizable AI models.

According to the announcement, the influx of funds is earmarked for the expansion of Together’s cloud platform, which serves as a vital hub, allowing developers to create, fine-tune and deploy open and customizable AI models.

Vipul Ved Prakash, the CEO of Together AI highlighted the company’s commitment to providing a platform that empowers startups and enterprises, liberating them from the constraints of a single vendor.

“Startups and enterprises alike are looking to build a generative AI strategy for their business that is free from lock-in to a single vendor,” said Prakash in a blog post.

“We believe generative AI is a platform technology, a new operating system for applications, and will have a long-range impact on human society. The AI ecosystem will consist of proprietary models and open models, and it’s incredibly important that this future has choices and options,” he added.

The funding, led by Kleiner Perkins, with participation from prominent entities including Nvidia, Emergence Capital, NEA, Prosperity 7, Greycroft, 137 Ventures and notable seed investors such as Lux Capital, Definition Capital, Long Journey Ventures, SCB10x, SV Angel, Factory and Scott Banister.

Together AI’s Quest for Speed and Efficiency

The funding will propel Together AI toward its goal of creating “the fastest cloud platform for generative AI applications,” according to Together AI CEO Prakash.

This development showcases the increasing appetite of venture capital firms for generative AI startups, as demonstrated by significant funding rounds for industry players like OpenAI, AI21 Labs, Anthropic, Cohere, Perplexity AI and Writer.

The platform facilitates various aspects of AI model development, from training to fine-tuning and production deployment. One of its key promises is scalability at more cost-effective rates compared to major cloud vendors like Amazon Web Services, Microsoft and Google.

Prakash was the former founder of Topsy Labs and later became an Apple alumnus. He now leads Together AI alongside co-founders Ce Zhang, Percy Liang, and Chris Re, with a collective vision to establish an open-source infrastructure platform, along with models and services accessible to any organization seeking to embed AI into their applications.

Prakash also highlighted the startup’s significant cost reductions for large language models engaged in interactive inference workloads. He emphasized optimization across the stack, utilizing thousands of GPUs in secure facilities, virtualization software, scheduling tools, and model optimizations to substantially reduce operating costs.

Furthermore, the startup offers Custom Models, a consulting service aimed at assisting companies in designing and building customized AI models for specific workloads. This service is particularly advantageous for organizations lacking extensive AI expertise.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Kumar is an experienced Tech Journalist with a specialization in the dynamic intersections of AI/ML, marketing technology, and emerging fields such as crypto, blockchain, and NFTs. With over 3 years of experience in the industry, Kumar has established a proven track record in crafting compelling narratives, conducting insightful interviews, and delivering comprehensive insights. Kumar's expertise lies in producing high-impact content, including articles, reports, and research publications for prominent industry platforms. With a unique skill set that combines technical knowledge and storytelling, Kumar excels at communicating complex technological concepts to diverse audiences in a clear and engaging manner.

More articles
Kumar Gandharv
Kumar Gandharv

Kumar is an experienced Tech Journalist with a specialization in the dynamic intersections of AI/ML, marketing technology, and emerging fields such as crypto, blockchain, and NFTs. With over 3 years of experience in the industry, Kumar has established a proven track record in crafting compelling narratives, conducting insightful interviews, and delivering comprehensive insights. Kumar's expertise lies in producing high-impact content, including articles, reports, and research publications for prominent industry platforms. With a unique skill set that combines technical knowledge and storytelling, Kumar excels at communicating complex technological concepts to diverse audiences in a clear and engaging manner.

The DOGE Frenzy: Analysing Dogecoin’s (DOGE) Recent Surge in Value

The cryptocurrency industry is rapidly expanding, and meme coins are preparing for a significant upswing. Dogecoin (DOGE), ...

Know More

The Evolution of AI-Generated Content in the Metaverse

The emergence of generative AI content is one of the most fascinating developments inside the virtual environment ...

Know More
Join Our Innovative Tech Community
Read More
Read more
How EigenLayer’s Free-Market Governance Model Is Changing Ethereum’s Security Landscape
Software Stories and Reviews Technology
How EigenLayer’s Free-Market Governance Model Is Changing Ethereum’s Security Landscape
April 22, 2024
Othentic Raises $4M Funding From Breyer Capital To Advance Development Of Modular Networks In Shared Security Environment
Business News Report Technology
Othentic Raises $4M Funding From Breyer Capital To Advance Development Of Modular Networks In Shared Security Environment
April 22, 2024
Celo Developer cLabs Proposes Launch Of Its Ethereum Layer 2 Solution On Optimism’s OP Stack
News Report Technology
Celo Developer cLabs Proposes Launch Of Its Ethereum Layer 2 Solution On Optimism’s OP Stack
April 22, 2024
ICON Integrates Its Cross-Chain DEX Balanced With Injective, Announces Regular INJ Token Purchases
Business News Report Technology
ICON Integrates Its Cross-Chain DEX Balanced With Injective, Announces Regular INJ Token Purchases
April 22, 2024