Announced

Completed

General Catalyst led a $305m Series B round in Together AI.

Synopsis

General Catalyst, a venture capital firm, led a $305m Series B round in Together AI, a research-driven artificial intelligence company, with participation from Prosperity7, Salesforce Ventures, DAMAC Capital, NVIDIA, Kleiner Perkins, March Capital, Emergence Capital, Lux Capital, SE Ventures, Greycroft, Coatue, Definition, Cadenza Ventures, Long Journey Ventures, Brave Capital, Scott Banister, and John Chambers. "AI is transforming every industry, creating unprecedented efficiencies and enabling entirely new classes of products. We have built a cloud company for this AI-first world — combining state-of-the-art open source models and high performance infrastructure, with frontier research in AI efficiency and scalability. Our AI Acceleration Cloud uniquely provides organizations with the performance, security, and functionality required to train frontier models and build production-scale AI applications with incredible cost efficiency. With this investment, we will accelerate our mission to make open source AI accessible for AI developers and customers globally," Vipul Ved Prakash, Together AI CEO.

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