Founded in 2017, AI21 Labs has been a pioneer in bringing generative AI to the masses and is known for its proprietary Jurassic-2 foundation models, which are among the world's largest and most sophisticated LLMs. These models power AI21 Studio, a platform for building custom text-based business applications, and Wordtune, a multilingual reading and writing AI assistant. The company has collaborated with various sectors, including Carrefour, Clarivate, eBay, Guesty, Monday.com, and Ubisoft.
Key takeaways:
- AI21 Labs, a leader in large language model (LLM) technology, has raised $155 million in Series C funding, bringing its valuation to $1.4 billion.
- The funding round included participation from investors such as Walden Catalyst, Pitango, SCB10X, b2venture, Samsung Next, Prof. Amnon Shashua, Google, and Nvidia.
- AI21 Labs, founded in 2017, is known for its proprietary Jurassic-2 foundation models, which are among the world's largest and most sophisticated LLMs.
- The company has recently collaborated with various sectors, including Carrefour, Clarivate, eBay, Guesty, Monday.com, and Ubisoft, and was named on the first ever CB Insights GenAI 50.