Funding round
Together AI Series A
Together AI, which works in AI cloud infrastructure services in San Francisco, raised $102M in a Series A round announced on 29 Nov 2023, led by Kleiner Perkins. 17 firms took part. It is Together AI's second venture round on record; the one before was a Seed in May 2023.
$102M
Amount raised
Not disclosed
Post-money valuation
17
Investors
1 lead
Valuation
What this round says about the price
Together AI did not disclose a valuation in this round. It came 6 months after Together AI's Seed. It is 7.7% of the $1.33B Together AI has raised in the venture rounds on record. Together AI raised again 4 months later: a Growth round of $106M in Mar 2024, at $1.25B post-money.
Together AI's funding rounds
Together AI has 5 venture rounds on record. This one is highlighted.
- Seed 15 May 2023, led by Lux Capital $20M
- Series A this round 29 Nov 2023, led by Kleiner Perkins $102M
- Growth 13 Mar 2024, led by Salesforce Ventures $106M$1.25B post-money
- Series B 20 Feb 2025, led by General Catalyst and Prosperity7 Ventures $305M$3.30B post-money
- Series C 1 Jul 2026, led by Aramco Ventures $800M$8.30B post-money
Investors
Who put money in
Kleiner Perkins led the round with 16 other firms.
Lead investor
- Kleiner Perkins backs 285 venture-backed companies
Also in the round
- Salesforce Ventures backs 314 venture-backed companies
- Coatue backs 229 venture-backed companies
- backs 96 venture-backed companies
- NVIDIA
- New Enterprise Associates backs 286 venture-backed companies
- Greycroft backs 236 venture-backed companies
- 137 Ventures backs 25 venture-backed companies
- backs 70 venture-backed companies
- SV Angel backs 293 venture-backed companies
- backs 212 venture-backed companies
- Robot Ventures
- Definition Capital
- backs 108 venture-backed companies
- backs 26 venture-backed companies
- SCB 10X
- FactoryHQ
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
1,440 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $11M, and this round was 9.5 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 7 Nov 2023 | $60M | not disclosed | Andreessen Horowitz and Oak HC/FT |
| Tech Companies | 27 Nov 2023 | $50M | not disclosed | Centana Growth Partners |
| Tech Companies | 16 Nov 2023 | $37M | not disclosed | Morpheus Ventures and Navitas Capital |
| Tech Companies | 28 Nov 2023 | $35M | not disclosed | Lightspeed Venture Partners |
| PhysicsX Tech Companies | 27 Nov 2023 | $32M | not disclosed | General Catalyst |
| Tech Companies | 8 Nov 2023 | $25M | not disclosed | Archetype |
| Tech Companies | 28 Nov 2023 | $24M | not disclosed | Index Ventures |
| Tech Companies | 3 Nov 2023 | $23M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Together AI raise in its Series A round?
Together AI raised $102M in its Series A round, announced in Nov 2023.
Who led Together AI's Series A round?
Kleiner Perkins led it, with Salesforce Ventures, Coatue, Emergence Capital, NVIDIA and New Enterprise Associates and 11 more.
What was Together AI's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,440 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $11M, and this round was 9.5 times the median.
Did Together AI raise again after this round?
Yes: a Growth round in Mar 2024 of $106M at $1.25B post-money.