Company intelligence

Together AI

Together AI is an open-source AI cloud (neocloud) for training and inference that crossed roughly $1B in annualized revenue and raised $800M at an $8.3B valuation in July 2026.

AI infraSan Francisco, California, USAFounded 2022Website โ†—See connections โ†’Compare with Emerald AI
Last verified Jul 2026

Key Metrics

Valuation
$8.3B (Jul 2026)
As of Jul 2026Value Add Pulse research
Revenue
~$1B annualized revenue; $1.15B+ annual bookings (Jul 2026)
As of Jul 2026EstimatedValue Add Pulse research

Company Snapshot

Together AI is a AI infra company, based in San Francisco, California, USA, founded 2022. Latest valuation $8.3B (Jul 2026) (As of Jul 2026, Value Add Pulse research).

Recent changes

  1. Jul 1, 2026Raised $800M Series C at a $8.3B valuation BusinessWire
  2. Jul 1, 2026New investor: Aramco Ventures BusinessWire
  3. Jul 1, 2026New investor: General Catalyst BusinessWire
  4. Jul 1, 2026New investor: Emergence Capital BusinessWire
  5. Jul 1, 2026New investor: Nvidia BusinessWire
Earlier changes (6)
  1. Jul 1, 2026New investor: Vista Equity Partners BusinessWire
  2. Jul 1, 2026Together AI Raises $800M at $8.3B Valuation as Open-Source Inference Demand Triples Pulse story
  3. Jul 2026First reported revenue: ~$1B annualized revenue; $1.15B+ annual bookings (Jul 2026)Estimated Value Add Pulse enrichment
  4. Jul 2026First reported valuation: $8.3B (Jul 2026) Value Add Pulse enrichment
  5. Feb 20, 2025Raised $305M Series B at a $3.3B valuation Value Add Pulse enrichment
  6. Mar 13, 2024Raised $106M Series A at a $1.25B valuation Value Add Pulse enrichment

Funding History

3 events ยท sources dated per row
DateEventAmountValuationInvestorsSource
Jul 1, 2026Series C$800M$8.3B
Aramco VenturesLeadunverifiedVista Equity PartnersunverifiedGeneral CatalystunverifiedEmergence CapitalunverifiedNvidiaunverifiedMarch Capitalunverified
Pulse story
Feb 20, 2025Series B$305M$3.3B
Value Add Pulse research
Mar 13, 2024Series A$106M$1.25B
Value Add Pulse research
Funding timeline ยท 3 rounds ยท $1.2B tracked
$0.0M$448M$896M$106MSeries AMar 24$305MSeries BFeb 25$800MSeries CJul 26

Investors

Latest Pulse

  1. Modal Labs Nears $750M Round At $15.75B ValuationInference provider Modal Labs is reportedly closing in on a $750 million round that would value it at $15.75 billion, the latest sign that managed AI-inference startups are re-pricing as fast as the model labs they serve.โ†’
  2. Fireworks AI Eyes $30B Valuation, Fal Seeks $20BFireworks AI and Fal are both in talks for new funding rounds that could value the AI-inference startups at up to $30 billion and $20 billion respectively, as enterprise demand for managed inference outside the hyperscalers surges.โ†’
  3. Figma Exec Joins AI Inference Startup BasetenA senior Figma executive is joining AI inference startup Baseten, another sign that operating talent is flowing from the application layer toward the AI infrastructure layer.โ†’
  4. Crusoe Lands $65M-A-Year Deal With Mira Murati's LabCrusoe and Thinking Machines Lab signed a $65 million annual deal to run inference for the lab's models on dedicated Nvidia HGX B200 systems, pushing Crusoe's managed-inference business past $100 million in contracted annual revenue.โ†’
  5. Verda Raises $189M, Becomes A Billion-Dollar AI CloudVerda, the Helsinki-based AI cloud company formerly known as DataCrunch, raised $189 million led by Emergence Capital and said it is now valued at more than $1 billion.โ†’
  6. Arcee AI Hits $1B+ Valuation Building Open-Weight ModelsArcee AI closed a $150 million Series B at a pre-money valuation above $1 billion, betting enterprises will pay to run open-weight models instead of renting closed frontier APIs.โ†’
  7. Ex-OpenAI Researcher's TypeSafe AI Exits Stealth With $40MTypeSafe AI emerged from stealth with $40 million in seed funding led by DCVC, founded by a co-inventor of RLHF building machine-native, composable AI meant to be embedded directly into software rather than accessed as a chat interface.โ†’
  8. Why AI Compute Swallowed the Week's Venture DollarsCrusoe, Fluidstack and Gimlet Labs closed $4.8 billion between them in five days, and every dollar landed in the layer between the chips and the models rather than in the applications built on top.โ†’
  9. Gimlet Labs Hits $3B Valuation on Chip-Agnostic AI BetAndreessen Horowitz led a $300 million round for the startup that lets AI workloads run across Nvidia, AMD, and custom silicon interchangeably, with Arm and Microsoft's M12 joining as new backers.โ†’
  10. Crusoe Reportedly Raises $3B at $30B ValuationCrusoe, the AI data center developer that pivoted from flared-gas crypto mining, reportedly closed a $3 billion round at a $30 billion valuation, tripling its mark from October and setting up meetings with IPO bankers.โ†’

Coverage Timeline

newest first
  1. Aug 17, 2026FUNDINGInside AI Infra's Money Trail: Databricks to Fireworks$5B round / $190B valuationโ†’
  2. Aug 11, 2026AIIBM and Together AI Ink $240M Deal for Inference Clusterโ†’
  3. Aug 1, 2026BIG TECHUber Is Quietly Building an Autonomous Vehicle Empireโ†’
  4. Jul 20, 2026FUNDINGThe Neocloud Gold Rush: Who's Really Winning the AI Compute Land Grab$8.3B-$11B neocloud marksโ†’
  5. Jul 7, 2026FUNDINGAI Infrastructure Capex Keeps Concentrating in Fewer Hands$870B+ combined 2026 AI capex commitmentsโ†’
  6. Jul 5, 2026FUNDINGWhy the Same Five Neoclouds Keep Landing Megarounds$5.3B+ combined across 3 repeat raisesโ†’
  7. Jul 4, 2026FUNDINGWhy AI Infrastructure Megarounds Are Swallowing the Series B Market$6.75B+ in infra rounds in one weekโ†’
  8. Jul 2, 2026FUNDINGCrunchbase: The Week's 10 Biggest Funding Rounds, Led by Joulent's $1.75B Energy Raise$1.75B lead deal (Joulent)โ†’
  9. Jul 1, 2026FUNDINGTogether AI Raises $800M at $8.3B Valuation as Open-Source Inference Demand Triples$800Mโ†’
  10. Jun 30, 2026AIAnthropic Launches Claude Sonnet 5 at a Steep Discount as It Races Toward an IPO~60% discount vs. flagshipโ†’
  11. Jun 18, 2026AIAnthropic's Claude Code Artifacts Update Brings Live, Shared Dashboards to Enterprisesโ†’

All Coverage

FUNDING

Inside AI Infra's Money Trail: Databricks to Fireworks

Illustration for: Inside AI Infra's Money Trail: Databricks to Fireworks
FUNDING$5B round / $190B valuation

Inside AI Infra's Money Trail: Databricks to Fireworks

Databricks' $5 billion round at a $190 billion valuation, Together AI's doubled $8.3 billion mark, and Fireworks AI's leap to $17.5 billion trace a single financing pattern reshaping AI infrastructure investing.

DEEP DIVE
AI

IBM and Together AI Ink $240M Deal for Inference Cluster

Illustration for: IBM and Together AI Ink $240M Deal for Inference Cluster
AI

IBM and Together AI Ink $240M Deal for Inference Cluster

IBM and Together AI signed a $240 million deal to build a large-scale Nvidia Blackwell inference cluster on IBM Cloud, targeting enterprises seeking cheaper open-source AI inference.

DEEP DIVE
BIG TECH

Uber Is Quietly Building an Autonomous Vehicle Empire

Illustration for: Uber Is Quietly Building an Autonomous Vehicle Empire
BIG TECH

Uber Is Quietly Building an Autonomous Vehicle Empire

Uber has stitched together partnerships with more than a dozen self-driving companies -- including Waymo and Wayve -- betting it can win the robotaxi era as an aggregator rather than a manufacturer.

FUNDING

The Neocloud Gold Rush: Who's Really Winning the AI Compute Land Grab

Illustration for: The Neocloud Gold Rush: Who's Really Winning the AI Compute Land Grab
FUNDING$8.3B-$11B neocloud marks

The Neocloud Gold Rush: Who's Really Winning the AI Compute Land Grab

Together AI's $8.3 billion valuation, SambaNova's $11 billion mark, and a wave of smaller sovereign-cloud raises show investors are pricing AI compute resellers as aggressively as the model labs they serve.

FUNDING

AI Infrastructure Capex Keeps Concentrating in Fewer Hands

Illustration for: AI Infrastructure Capex Keeps Concentrating in Fewer Hands
FUNDING$870B+ combined 2026 AI capex commitments

AI Infrastructure Capex Keeps Concentrating in Fewer Hands

Oracle, Amazon, Microsoft and Google are together committing more than $870 billion to AI infrastructure this year, a concentration of capital the Bank for International Settlements has warned carries systemic financial risk.

FUNDING

Why the Same Five Neoclouds Keep Landing Megarounds

Illustration for: Why the Same Five Neoclouds Keep Landing Megarounds
FUNDING$5.3B+ combined across 3 repeat raises

Why the Same Five Neoclouds Keep Landing Megarounds

Baseten, Together AI and Crusoe have each raised nine- or ten-figure rounds within the past year, showing AI infrastructure capital increasingly recycling into a small, familiar set of 'neocloud' names rather than funding new entrants.

FUNDING

Why AI Infrastructure Megarounds Are Swallowing the Series B Market

Illustration for: Why AI Infrastructure Megarounds Are Swallowing the Series B Market
FUNDING$6.75B+ in infra rounds in one week

Why AI Infrastructure Megarounds Are Swallowing the Series B Market

A string of multi-billion-dollar AI infrastructure raises this year -- Crusoe, Together AI, Quantum Systems, National Grid's Joulent bet -- shows venture capital concentrating in physical AI infrastructure at the expense of traditional Series B-sized rounds.

FUNDING

Crunchbase: The Week's 10 Biggest Funding Rounds, Led by Joulent's $1.75B Energy Raise

Crunchbase: The Week's 10 Biggest Funding Rounds, Led by Joulent's $1.75B Energy Raise logo
FUNDING$1.75B lead deal (Joulent)

Crunchbase: The Week's 10 Biggest Funding Rounds, Led by Joulent's $1.75B Energy Raise

Crunchbase News' roundup of the week's 10 biggest funding rounds (June 27-July 2) was led by Houston-based energy infrastructure provider Joulent's $1.75 billion raise from National Grid Ventures, aimed squarely at AI and compute-intensive industries' power needs. Together AI's $800M Series C and Venice AI's $65M unicorn round both placed inside the top 10, alongside biotech, legal-tech, sports and video-AI rounds spanning a genuinely broad set of categories beyond pure frontier-model AI.

FUNDING

Together AI Raises $800M at $8.3B Valuation as Open-Source Inference Demand Triples

Together AI Raises $800M at $8.3B Valuation as Open-Source Inference Demand Triples logo
FUNDING$800M

Together AI Raises $800M at $8.3B Valuation as Open-Source Inference Demand Triples

Together AI closed an $800 million Series C on July 1 at an $8.3 billion post-money valuation, more than doubling its prior mark. The round was led by Aramco Ventures with Vista Equity Partners, General Catalyst, Emergence Capital, Nvidia, March Capital and others participating, as annual bookings crossed $1.15 billion on the back of open-source model usage tripling industry-wide in twelve months.

AI

Anthropic Launches Claude Sonnet 5 at a Steep Discount as It Races Toward an IPO

Anthropic Launches Claude Sonnet 5 at a Steep Discount as It Races Toward an IPO logo
AI~60% discount vs. flagship

Anthropic Launches Claude Sonnet 5 at a Steep Discount as It Races Toward an IPO

Anthropic launched Claude Sonnet 5 on June 30, pricing it at $2 per million input tokens and $10 per million output tokens through August 31 โ€” roughly 60% cheaper than its flagship Opus 4.8 model โ€” while claiming near-Opus-level performance. The move lands weeks after Anthropic confidentially filed IPO paperwork with the SEC on June 1 and the same week Together AI raised $800 million specifically on the thesis that cheaper, open models are eating into closed frontier-lab pricing.

AI

Anthropic's Claude Code Artifacts Update Brings Live, Shared Dashboards to Enterprises

Anthropic's Claude Code Artifacts Update Brings Live, Shared Dashboards to Enterprises logo
AI

Anthropic's Claude Code Artifacts Update Brings Live, Shared Dashboards to Enterprises

Anthropic updated Claude Code Artifacts to support live, shared dashboards and interactive workspaces, turning what was a single-user coding tool into a collaborative surface teams can build on together. It's a push to make Claude Code the place enterprises do work, not just generate code.

Value Add Research

Related Companies

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Together AI FAQ

What is Together AI's valuation?

Together AI's valuation is $8.3B (Jul 2026) (As of Jul 2026, Value Add Pulse research).

Who are Together AI's investors?

Together AI's investors include Aramco Ventures, Emergence Capital, General Catalyst, March Capital, Nvidia, and 7 more (As of Jul 2026).

Sources & methodologyshow
Where these figures come from
  • BusinessWireprimary source1 fact
  • Value Add Pulse researchValue Add VC data4 facts

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

How we verify data ยท Suggest a correction