Ai21 Completes $208 Million Oversubscribed Series C Round
11/21/23, 2:03 PM
Location
tel avivMoney raised
$208 million
Industry
software development
Round Type
series c
Investors
Comcast Ventures, Intel Capital
AI21, a leader in AI systems for enterprise, announced today the completion of its $208 million Series C funding at a valuation of $1.4 billion. Participation from additional new investors includes Intel Capital, the venture capital arm of Intel Corporation, and Comcast Ventures, the venture capital arm of Comcast Corporation, which joined previously announced investors. This new round of funding brings the company's total capital raised to $336 million, accelerating AI21's purpose-driven approach in the era of AI-first enterprises.
Company Info
Location
tel aviv, tel aviv district, israel
Additional Info
AI21 builds market-leading models for the enterprise.
Our Foundation Model, Jamba, is a breakthrough SSM-Transformer model that is the first production-grade Mamba-based model delivering best-in-class quality and performance.
AI21’s Task-Specific Models are smaller, specialized models purpose-built to solve key enterprise challenges. Our Contextual Answers and Summarization TSMs offer unprecedented efficiency and cost-savings on core enterprise use cases.