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# Together AI raises 800 million dollars in Series C led by Aramco Ventures

**[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments

## Summary

Together AI has closed an $800 million Series C round led by Aramco Ventures, valuing the company at over $8 billion. The round included Vista Equity Partners, General Catalyst, Nvidia, and others. The company reports over $1 billion in annual bookings and a tripling of open-source model usage on its platform over the past year. Together AI differentiates itself from other neoclouds by bundling GPU compute with its own inference optimization software, which it claims can reduce model running costs by up to 80%. Customers include Cursor, Cognition (Devin), and Decagon. The funding will go toward expanding compute infrastructure and accelerating inference engine development. The raise reflects surging investor appetite for AI infrastructure, with Middle Eastern capital increasingly targeting the compute layer rather than AI models themselves.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://thenextweb.com/news/together-ai-800m-series-c-aramco-ventures>

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---

Tags: [#open-source](https://daily.dev/tags/open-source), [#ai-infrastructure](https://daily.dev/tags/ai-infrastructure)

[View this post on daily.dev](https://daily.dev/posts/together-ai-raises-800-million-dollars-in-series-c-led-by-aramco-ventures-uythhbnt5)

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