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Together AI in Talks to Raise $1B at $7.5B Valuation as Annualized Revenue Hits $1B

Canopy Business

Together AI — a cloud provider renting Nvidia GPU servers to AI developers and researchers — is in talks to raise approximately $1 billion at a $7.5 billion pre-money valuation, up from $3.3 billion in 2025, according to The Information. The company's annualized revenue has grown more than 3x since mid-2025, reaching roughly $1 billion, reflecting surging demand for on-demand GPU compute from AI startups and research organizations. Together AI competes directly with CoreWeave, Lambda Labs, and hyperscaler GPU cloud tiers, positioning itself as a neutral Nvidia-cloud alternative to big-tech-owned infrastructure.

Key Takeaways

  • Together AI fundraise target: ~$1B at $7.5B pre-money valuation (up from $3.3B in 2025); annualized revenue at ~$1B, 3x+ growth since mid-2025 — per The Information
  • Business model: rents Nvidia GPU servers to AI developers, researchers, and startups; competes with CoreWeave, Lambda Labs, and AWS/GCP GPU instances
  • Fundraise timing coincides with Pentagon banning Anthropic (a major customer category) and surging demand for neutral, non-hyperscaler GPU cloud infrastructure

Original source: The Information / Techmeme