Together AI announced an $800 million Series C financing at an $8.3 billion valuation, indicating strong investor confidence in its AI infrastructure business for open-source models.
The company's annual bookings exceeded $1.15 billion last quarter as usage of open-source models across its customer base tripled within 12 months.
Together AI serves thousands of enterprises and AI-native businesses seeking cost-effective and performance-driven alternatives to closed models, claiming 6x to 60x cost savings for customers like Decagon.
With significant expansion plans to scale infrastructure by 50x in the next five years, Together AI is positioned to lead the growing shift towards open-source AI ecosystem adoption.
The funding will further enable the company to enhance product offerings and meet increasing demand for scalable inference capacity.