Source: Business Wire — Together AI — 2026-07-01
Summary
Together AI closed an $800M Series C led by Aramco Ventures at an $8.3B post-money valuation, reporting annualized bookings above $1.15B and tripled open-weight model usage over the past year.
Key Takeaways
- Round backers include NVIDIA, Vista Equity Partners, General Catalyst, Emergence Capital, Salesforce Ventures, and SentinelOne's S Ventures, among others.
- The company claims customers cut enterprise inference costs by up to 60x versus closed-model alternatives on its platform.
- Plans to scale infrastructure capacity roughly 50x over the next five years.
- Together AI serves open models including DeepSeek, Nemotron, MiniMax, and Kimi — direct evidence of enterprise dollars continuing to shift toward open-weight inference infrastructure.