Neocloud Together AI raises $800M, leaps to $8.3B valuation
Together AI has secured $800 million in a Series C funding round, reaching an $8.3 billion valuation. The company provides infrastructure for open-source AI models, positioning itself as a cost-effective alternative to closed-source frontier models.
Why it matters
The massive investment underscores the growing market demand for 'neocloud' infrastructure and the shift toward open-source AI models in the enterprise sector.
Together AI, an AI neocloud founded in 2022, has raised an $800 million Series C at an $8.3B valuation, the company announced on Wednesday .
The report is a straightforward financial news summary based on company announcements and market data.
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