NVIDIA-Backed Together AI Nets $305M & Has Pirouetted Its Way To A $3.3B Valuation – $NVDA $CRM

In a dazzling display of financial acrobatics, NVIDIA (NVDA) backed Together AI has pirouetted its way to a $3.3 billion valuation, leaving spectators in awe and competitors green with envy. This AI virtuoso, known for its cloud-based wizardry and the enigmatically named RedPajama-V2 dataset, has charmed investors faster than you can say “neural network”.

Imagine, if you will, a world where 45,000 developers are feverishly tapping away at keyboards, conjuring open-source generative AI models with the fervor of caffeinated wizards. That’s the reality Together AI has crafted, much like a digital Hogwarts for the coding elite. Their home page reads: “The AI Acceleration Cloud – Train, fine-tune, and run inference on AI models blazing fast, at low cost, and at production scale.”

But wait, there’s more! The company’s latest funding round, a Series C led by Salesforce Ventures, saw $106 million materialize as if summoned by a particularly lucrative “Accio” spell. One can almost picture CEO Vipul Ved Prakash, donning a metaphorical sorting hat, seemingly declaring, “To Unicorn status and beyond!” According to Reuters today, the company has stated it has raised $305 million in its latest funding round.

This valuation puts Together AI in the same league as mythical creatures and tech darlings alike. It’s as if the company has discovered the AI equivalent of the Philosopher’s Stone, transmuting lines of code into gold-plated server racks.

With services ranging from inference to fine-tuning, and GPU clusters that would make even the most hardened gamer weep with joy, Together AI is positioning itself as the Swiss Army knife of the AI world. It’s like they’ve taken the concept of “one-stop-shop” and applied it to the realm of artificial intelligence, creating a veritable AI supermarket where you can pick up a neural network as easily as a carton of milk.

As we witness this AI acceleration cloud reaching stratospheric heights, one can’t help but wonder: Will Together AI’s next trick involve teaching machines to write Shakespearean sonnets or perhaps decode the mysteries of the universe? Only time will tell, but one thing’s for certain – in the grand theater of tech valuations, Together AI has just delivered a show-stopping performance.