๐ Together AI Hits $8.3B Valuation After Closing $800M Series C
Open-source AI infrastructure startup Together AI raised $800M in a Series C led by Aramco Ventures on July 1, more than doubling its previous $3.3B valuation from 16 months ago. The company reported annual bookings exceeding $1.15 billion last quarter by helping enterprises run open models like DeepSeek, MiniMax, and Kimi at a fraction of the cost of closed systems. Investors also committed over 500 megawatts of compute capacity independently. Is open-source AI infrastructure quietly becoming one of the biggest plays in tech?