Together AI鈥檚 Valuation Jumps To $3.3B After New Round

Artificial intelligence • Cloud computing • Startups • Venture

Together AI鈥檚 Valuation Jumps To $3.3B After New Round

February 20, 2025

Chris Metinko

, a developer of a cloud platform to allow developers to build on open and custom artificial intelligence models, raised a $305 million funding round led by and Saudi Arabia’s at a $3.3 billion valuation.

The new valuation is a more than 160% jump from The $1.25 billion it was valued at after 1聽led a $106 million round for Menlo Park, California-based startup last March.

More than a dozen other investors joined the round, including Salesforce Ventures, , , and others.

Together AI recently surpassed $100 million in annualized revenue, an increase from the $30 million in annualized revenue it had last February, .

AI dollars

AI startups continue to raise big-money rounds as if ordering a sandwich at a deli.

Late last month, , a rival with its AI assistant Claude, raised a $1 billion investment from previous investor .

In Q4 last year alone, investors poured more than $42 billion into AI-related startups, per 红桃视频 data. That was nearly twice as much money invested in Q3 2024 鈥� which was a record at the time. It also was about 3.5x the amount invested in Q4 2023.