Announcing $106M round led by Salesforce Ventures

Together AI has raised $106M in a new round of financing led by Salesforce Ventures, with participation from several prominent investors, including Coatue, Lux Capital, and Kleiner Perkins. The company aims to expand its serverless APIs for inference and fine-tuning, which have over 45,000 registered developers, and is widely integrated into various AI application development frameworks. The new funding will support the expansion of its roadmap, including features to support large enterprises, and plans to expand compute capacity internationally. Salesforce Ventures' Managing Partner Paul Drews believes that Together AI has emerged as a leading solution for open-source demand in AI adoption, and the company is confident in its ability to bring its ambitious vision to fruition. The funding also highlights the growing importance of open-source models in generative AI, with models like Llama-2, Mixtral, Qwen, Gemma, and StripedHyena rapidly narrowing the benchmark gap between best closed and open LLMs. Together AI offers a platform for developers to easily develop with and deploy open-source models, and its capabilities grow with the best of what open-source AI has to offer. The company is also expanding its cloud network and working with over 10 GPU cloud platforms today, offering a seamless AI-centric cloud experience built over a multi-cloud substrate.

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