AI startups continue to attract significant investments, with Anthropic raising $1 billion from Google. In Q4 of last year, AI-related startups received over $42 billion in investments, nearly double the amount from Q3 2024 and about 3.5 times the amount from Q4 2023. Other notable funding events include Databricks raising $10 billion, OpenAI's $6.6 billion at a $157 billion valuation, and xAI's $6 billion at a $24 billion valuation. The AI sector remains a focal point for investors, with substantial funding rounds continuing to shape the industry.
Key takeaways:
- Together AI raised a $305 million funding round led by General Catalyst and Saudi Arabia’s Prosperity7 Ventures, increasing its valuation by over 160% from $1.25 billion.
- AI startups continue to attract significant investments, with Anthropic raising $1 billion from Google and Q4 last year seeing over $42 billion invested in AI-related startups.
- Together AI's annualized revenue recently surpassed $100 million, up from $30 million in February, according to Bloomberg.
- Other notable investors in Together AI's recent funding round include Salesforce Ventures, Nvidia, Kleiner Perkins, and Coatue.