AI Infrastructure and Cloud Service Platform Together AI Announces $800 Million Series C Funding, Valuation Surges to $8.3 Billion. This round was led by Aramco Ventures, with participation from Vista Equity Partners, General Catalyst, Emergence Capital, NVIDIA, March Capital, Pegatron, and S Ventures under SentinelOne.

As a "Neocloud" technology service provider established in 2022, Together AI specializes in leasing AI-specific infrastructure such as NVIDIA GPU clusters. Driven by the explosive growth in demand for high-performance, low-cost open-source models in the enterprise market, the company's annual bookings exceeded $1.15 billion in the previous quarter, and it currently has thousands of paying customers including Cursor, Cognition, and Decagon.

Industry data shows that the usage of open-source models worldwide has tripled in the past year, with more and more companies choosing to adopt open-source models through Neocloud service providers to replace the high token fees paid for closed-frontier models.

This significant funding comes just about 16 months after its $305 million Series B round. With the continuous expansion of computing power demand, Neocloud technology has become a hot spot for venture capital. Recently, companies in the same field such as Upscale AI and TensorWave have also completed large-scale financing. With a significant increase in financial strength, Together AI