"Together AI, a US-based AI cloud provider, valued at $3.3 billion in a 'shovel sales' frenzy

Together AI, a stellar US startup, recently announced that it has closed a $305 million Series B funding round, bringing its total valuation to $3.3 billion. The company, which bets on open source models, serves more than 200 model APIs including DeepSeek-R1, and rents out GPU computing power, and already generates more than $100 million in annual revenue, Together AI says the investment will accelerate their leadership in building modern AI applications based on open source models, as well as utilizing their upcoming large-scale deployments of NVIDIA Blackwell GPUs to train Together AI says this investment will accelerate their leadership in building modern AI applications based on open source models and training with their upcoming large-scale deployment of NVIDIA Blackwell GPUs, as well as solidify their position as the preferred AI cloud provider. The funding round was reportedly co-led by General Catalyst and Prosperity7 Ventures, with other participating investors including Salesforce Ventures, NVIDIA, Kleiner Perkins, Emergence Capital, Lux Capital, and others. (Source: New Zeal)