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NOTABLE DEALS
Together AI | $106M Series A-II at $1.25B valuation
- Together AI offers model development and deployment solutions, including dedicated GPU clusters.
- With 45,000 developers currently on board, the startup aims to use the funds to enhance computing power from cloud providers, hire researchers, and expand its open-source AI model platform.
- Round investors: Salesforce Ventures (Lead), Coatue, Greycroft, and 9 others
“I do think that Together AI is fairly unique in a way that they’re end to end and they can move fast, they’re nimble, and direct competitors are not really in the startup space. They’re more the big established tech giants.” — CB Insights software buyer interview with Together AI customer and head of AI, market intelligence, at $1B+ valuation technology company
Hippocratic AI | $53M Series A at $500M valuation
- Hippocratic AI’s recent funding aims to support phase three safety testing for its novel staffing marketplace, which allows health systems to “hire” genAI agents for health services to alleviate the staffing crisis. (Hippocratic was a 2023 GenAI 50 winner.)
- The company is conducting tests with 5K+ healthcare professionals to assess the performance of its genAI agent before unsupervised patient interaction.
- Round investors: General Catalyst (Lead), Premji Invest (Lead), a16z, and 5 others
