Together AI

Amount: USD 800M; Post-money valuation: USD 8.3B; Led by: Aramco Ventures (Saudi Aramco's venture capital arm) | Valuation rose from USD 3.3B to USD 8.3B, a 2.5x increase in 16 months. Notably, in March 2026, The Information reported the company was negotiating to raise approximately USD 1B at a pre-money valuation of USD 7.5B—ultimately closing at a post-money valuation of USD 8.3B, indicating that commercial progress during the interim (annualized bookings exceeding USD 1.15B) drove up the fundraising scale and valuation. ⚠️ The 500MW compute commitment is the core of this round. Investors committed to more than 500 megawatts of compute capacity, which is capitalized separately from the USD 800M equity, to support approximately 50x compute expansion over the next five years. For inference clouds, supply guarantees are scarcer than cash—the reason large enterprises...