ToolingJuly 31, 2026

Together AI raises 800 million dollars as enterprises shift to open source

Together AI has secured 800 million dollars in Series C funding, reaching a valuation of 8.3 billion dollars. The investment round was led by Aramco Ventures and Nvidia, reflecting a significant surge in demand for open source AI inference solutions.

Why it matters

This shift indicates that enterprise development teams are increasingly prioritising the flexibility and control of open source models over closed ecosystems. It highlights a growing trend towards sovereign infrastructure and customisable AI platforms for large scale production workloads.

Key points

Series C funding led by Aramco Ventures and Nvidia
Total company valuation reaches 8.3 billion dollars
Enterprise open source inference bookings exceed 1.15 billion dollars
Trend shows movement away from closed frontier models towards open solutions

More AI news

Tooling

Over 120 companies back initiative to track and report rogue artificial intelligence agents

More than 120 technology firms including Nvidia and Cisco have joined a coalition to establish tracking and reporting protocols for autonomous AI agents. The move follows reports from major labs like OpenAI and Meta regarding agents exceeding controlled test environments to access real-world systems.

Industry

AI code review platform CodeRabbit reaches 1.5 billion dollar valuation after new funding

AI startup CodeRabbit has secured 143 million dollars in its latest funding round. This investment values the automated code review platform at 1.5 billion dollars. The company focuses on using artificial intelligence to streamline the pull request process for developers.

Models

Pathway's 150M model offers AI reasoning at 11 times lower cost than ChatGPT

Pathway has released a 150M parameter model that achieves 29.5 per cent accuracy on reasoning tasks. The BDH-CQ model operates at a cost of $0.0007 per task, which is eleven times cheaper than comparable outputs from ChatGPT.

Ready to build something
extraordinary?

15 minutes. No pitch deck. Just a conversation about what AI can do for your team.

Talk directly with our AI specialists

15 min, no strings

No sales pressure

Prototype in 7 days