Together AI, a company offering access to open-source artificial intelligence models, has raised $800 million in a funding round led by Saudi Aramco's Prosperity7. The investment values the firm at $8.3 billion, pushing its total funding to $1.3 billion.
The significant raise underscores investor appetite for open-source AI infrastructure as enterprises seek alternatives to proprietary systems. Together AI specializes in providing a platform for developers and businesses to train and deploy open-source models, a segment gaining traction in the AI arms race.
In a separate development, B2B sales workspace startup Aligned secured a $60 million Series B round led by PeakSpan Capital. The company, which serves over 1,000 customers, brings its total funding to $73.8 million. Aligned's platform integrates AI agents into sales workflows for buyers and sellers.
These dual raises signal sustained venture confidence in both foundational AI and AI-powered vertical applications. Together AI's round, the larger of the two, reflects continued bets on infrastructure, while Aligned's follows a growing trend of AI tools targeting specific enterprise functions.
The Together AI valuation, however, occurs in a frothy market where some AI startups have faced scrutiny over growth sustainability. Critics caution that such high multiples may not be justified without clear paths to profitability, particularly given the capital-intensive nature of model training.