Together AI
Hosts and fine-tunes open AI models on rented GPUs for companies.
- Revenue
- About $1B annualised (Sacra estimate, Feb 2026)
- Value
- $8.3B post-money after an $800M Series C (Jul 2026)
- Growth
- Run rate reportedly up from about $618M at end 2025 to $1B in February 2026 (Sacra estimate)
- Based in
- San Francisco, US
- Founded
- 2022
- Listed
- Private
Open models are cheaper to run than closed ones, and Together AI sells the hosting.
Its revenue figures are estimates, and much of the new money goes straight into chips.
Money coming in
Who pays Together AI, and for what.
No customers of Together AI mapped yet.
Money going out
Who Together AI pays to do what it does.
No suppliers of Together AI mapped yet.
Where it sits on the map
Competitors and neighbours
Builds Meta AI into Facebook, Instagram and WhatsApp, and makes the Ray-Ban glasses with EssilorLuxottica.
Sales more than tripled (H1 2025)
Open profileFrench lab with open and paid models, chosen by European firms that want data kept in Europe.
About $14B valuation (Sep 2025)
Open profileLab that aims to build frontier open-weight models in the US, backed by Nvidia.
$8B after a $2B round led by Nvidia in October 2025. Talks at $25B reported in 2026
Open profileChinese research lab that releases its strongest models as open weights.
About 475M yuan (about $70.7M) in the first seven months of 2026 (The Information, reported)
Open profileRuns the main hub where open models, datasets and demos are shared.
Annualised revenue above $150M, from one unofficial report. The company does not disclose revenue
Open profileChinese lab that makes chat, voice and video models, with most app revenue from overseas subscriptions.
About $30.5M in 2024 (filings, reported). About $53.4M in the nine months to September 2025 (reported)
Open profileChinese lab behind the Kimi chatbot and the Kimi open models.
Annual recurring revenue above $200M in April 2026 (reported)
Open profileChinese lab that makes the GLM models, mostly sold to enterprises, and is now listed in Hong Kong.
About $44.4M in 2024 (filings, reported)
Open profileChinese tech group whose Qwen open models are among the most downloaded, and which runs Alibaba Cloud.
AI Cloud and Compute Services revenue $7.1B in the June 2026 quarter, up 45% (company)
Open profileSources: lasvegassun.com, sacra.com, usagepricing.com, sacra.com, dealroom.co
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