Together AI Raises $800M as the AI Neocloud Market Accelerates

I’d like to share a notable development from the AI and neocloud space.

Together AI raised $800M in a Series C round and is now valued at $8.3B. The round was led by Aramco Ventures, with participation from Nvidia, Vista Equity Partners, and others.

For context: just 16 months ago, the company raised $305M at a $3.3B valuation. Today, Together AI reports annual bookings above $1.15B and thousands of paying customers.

The key trend is clear: more companies are choosing open-source models and AI infrastructure over costly closed alternatives.

This matters because the neocloud and open-source AI markets continue to expand rapidly, while demand for compute and infrastructure keeps rising.

How do you view this trend?

#AI #Neocloud #Startup #HackerNews