US tech media, startup-funding desk

Characterised Together AI as a neocloud competing with CoreWeave and Lambda Labs for the exploding enterprise demand for open-source model inference; noted the 2.5x valuation jump from the $3.3B Series B 16 months ago and over $1B in annual bookings as the growth data that justified it.

“Neocloud Together AI raises $800M, leaps to $8.3B valuation as enterprises choose open models over closed APIs.”