Recently, the AI cloud platform Together AI has proudly announced the successful closure of its Series C funding round, amassing an impressive $800 million and achieving a post-money valuation of $8.3 billion. This funding round was spearheaded by Aramco Ventures, with significant contributions from industry giants such as NVIDIA, Vista Equity Partners, General Catalyst, and a host of other esteemed investors.

Together AI stands out in the market for its expertise in delivering top-notch cloud platform services tailored specifically for the operation of open-source AI models. Its platform boasts serverless inference services that outperform the fastest comparable solutions on the market by approximately double the speed. Moreover, it is powered by Together AI's proprietary ATLAS engine, which has the remarkable capability to accelerate certain inference workloads by up to a staggering 400%.

The substantial funds raised in this round will be strategically allocated towards the expansion of Together AI's infrastructure. The company has ambitious plans to scale up its public cloud capacity by an astounding 50 times over the next five years. Presently, the platform has already gained traction among thousands of organizations, with annual bookings soaring past the $1.15 billion mark in the second quarter alone.