Deals Counterparts

Together AI seeks $1bn in funding

Financing Data Center announced North America Mar 6, 2026
USD1B
Deal Value

Together AI is reportedly in talks to raise $1 billion in funding, seeking a valuation of $7.5 billion.

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Deal Analysis

Together AI, a North America-based data center developer, announced on 2026-03-06 it is seeking $1 billion in financing. This funding round targets a $7.5 billion valuation for Together AI, with Prosperity7 Ventures reportedly involved.
  • Together AI seeks $1 billion in financing.
  • Target valuation for Together AI is $7.5 billion.
  • Prosperity7 Ventures is a reported investor.
  • Deal announced 2026-03-06 in North America.

Source Intelligence

KEY DETAILS

The report on Together AI's funding talks was made by The Information, citing two people familiar with the matter: "as reported by The Information , which cited two people familiar with the matter." The company's previous funding round in February 2025 was $305 million in Series B funding with a valuation of $3.3 billion: "the company raising $305 million in Series B funding with a valuation of $3.3 billion in February 2025." To date, Together AI has raised $537 million, with investors including General Catalyst, Kleiner Perkins, Nvidia, and Lux Capital: "To date, Together AI has raised $537 million, with investors including General Catalyst, Kleiner Perkins, Nvidia, and Lux Capital." The company is seeing around $1 billion in annualized revenue: "The company is seeing around $1 billion in annualized revenue, the sources said, which is a more than three times increase from its rate in mid 2025." Together AI was founded in 2022: "Founded in 2022, the self-described AI acceleration cloud company both leases chips from other cloud providers and re-leases them to developers, and is buying its own servers to rent from its data centers." The company launched "Together Instant Clusters" in September 2025: "In September 2025 , the company launched "Together Instant Clusters," a service that automates GPU cluster provisioning, giving customers access to clusters from a single node with eight GPUs to larger systems with hundreds of GPUs." Together AI announced a partnership with Hypertec in November 2024 to co-build a cluster of 36,000 Nvidia GB200 NVL72 GPUs: "The AI cloud announced a partnership with Hypertec in November 2024 to co-build a cluster of 36,000 Nvidia GB200 NVL72 GPUs." The company launched Together GPU Clusters powered by Nvidia Blackwell GPUs in February 2025: "and launched in February 2025 Together GPU Clusters powered by Nvidia Blackwell GPUs." Together AI provides access to H200, H100, and A100 GPUs: "The company also provides access to the H200, H100, and A100 GPUs, all of which are interconnected with InfiniBand and NVLink." The company states it can scale from 16 to more than 100,000 GPUs: "Together AI says it can scale from 16 to more than 100,000 GPUs."

Deal Size
Together AI is reportedly in talks to raise around $1 billion in funding.
Location
Details about Together AI's data centers are sparse, but the company's documentation says they are located in North America.
Financials
The AI cloud company is in talks with investors and seeking a valuation of $7.5bn
Announcement
March 06, 2026 By Georgia Butler
PARTIES MENTIONED IN SOURCE
T
Together AI developer

"Together AI is reportedly in talks to raise around $1 billion in funding."

i
investors investor

"The AI cloud company is in talks with investors and seeking a valuation of $7.5bn"

P
Prosperity7 Ventures investor

"among the investors in talks is Aramco's venture arm, Prosperity7 Ventures, which is considering a "significant investment.""

medium quality Enriched Mar 6, 2026

Timeline

Announced
Mar 6, 2026
Signed
Closed

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