AI startup Together raises $102M at $3.3B valuation

The artificial intelligence infrastructure market has seen rapid growth in cloud platforms that enable AI model development and deployment. Together AI, founded in 2022, has emerged as a key player by providing developers access to powerful GPU resources and supporting hundreds of open-source AI models.

Latest funding milestone: Together AI has secured $305 million in a new funding round led by General Catalyst, valuing the company at $3.3 billion.

• The funding round included participation from Salesforce Ventures, Nvidia, Coatue, and Prosperity7 (Aramco Ventures’ venture capital fund)
• This valuation represents more than a doubling from the company’s previous $1.25 billion valuation in its 2024 funding round
• The fresh capital will support expansion of Together AI’s cloud platform and deployment of Nvidia’s latest Blackwell GPUs

Platform growth and capabilities: Together AI’s cloud platform has experienced significant user adoption while expanding its model offerings.

• The platform now serves more than 450,000 AI developers
• Developers can access over 200 open-source models, including Meta’s Llama and DeepSeek’s models
• The company has distinguished itself by providing access to Nvidia’s highly sought-after GPU resources

Strategic partnerships and market dynamics: The involvement of major tech players signals growing interest in AI infrastructure providers.

• Nvidia’s continued investment demonstrates strategic alignment between GPU hardware and cloud platform providers
• DeepSeek’s recent launch of cost-effective AI models has intensified competition in the open-source AI space
• The platform’s support for both U.S. and international models positions it as a global AI infrastructure provider

Industry perspective: Key stakeholders emphasize the platform’s role in democratizing AI development.

• Prosperity7 Ventures Managing Director Abhishek Shukla highlighted Together AI’s importance in making AI models “secure, accessible, and powerful” globally
• The company’s rapid growth trajectory suggests strong market demand for scalable AI development infrastructure

Future implications: While Together AI has achieved significant growth, the evolving landscape of AI infrastructure and increasing competition from both established tech giants and emerging players will likely shape its strategic direction and market position in the coming years.