Together AI ' an AI neocloud that rents out Nvidia GPU clusters and other AI-specific infrastructure ' has raised an $800 million Series C at an $8.3 billion valuation, the company announced on Wednesday. The company was founded in 2022. Together AI last raised a $305 million Series B at a $3.3 billion valuation about 16 months ago. It actually came out of the gate well-funded, with a $102.5 million Series A funding round led by Kleiner Perkins with participation from Nvidia and Emergence Capital back in 2023. There were whispers of this round back in March, when The Information reported that the company was seeking $1 billion in funding, but at a $7.5 billion valuation. If the numbers in that report were accurate, it means that Together AI took less money but perhaps got a better deal from VCs than it had been pursuing in the spring. The hefty infusion of capital comes as Together AI claims annual bookings of over $1.15 billion as of its last quarter, as companies increasingly...
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