# Together AI raises $800 million Series C at $8.3 billion valuation

> Together AI has raised an $800 million Series C at an $8.3 billion post-money valuation, a big jump for the neocloud that rents out infrastructure for running open-source models. Aramco Ventures led the round, with Nvidia, Vista Equity, General Catalyst, Emergence and SE Ventures joining, and investors also committed 500 megawatts of compute capacity to fuel the company's growth. The thesis is straightforward. As models like DeepSeek, Nemotron and MiniMax get good enough to rival closed alternatives, companies want a place to run them that is not a hyperscaler's proprietary stack, and Together is positioning as that neutral home. Annual bookings already exceed $1.15 billion, which is the kind of revenue that makes an $8.3 billion price tag look less speculative than it might otherwise. The compute commitment is the detail worth noting. In this market, capital alone is not enough; access to power and chips is the real bottleneck, and locking in 500 megawatts may matter more to Together's next year than the cash itself.

_Section: [AI Funding Tracker](https://www.wortins.com/funding) · Source: TechCrunch · Published Saturday, July 18, 2026_

## Wortins' read

Together AI has raised an $800 million Series C at an $8.3 billion post-money valuation, a big jump for the neocloud that rents out infrastructure for running open-source models. Aramco Ventures led the round, with Nvidia, Vista Equity, General Catalyst, Emergence and SE Ventures joining, and investors also committed 500 megawatts of compute capacity to fuel the company's growth. The thesis is straightforward. As models like DeepSeek, Nemotron and MiniMax get good enough to rival closed alternatives, companies want a place to run them that is not a hyperscaler's proprietary stack, and Together is positioning as that neutral home. Annual bookings already exceed $1.15 billion, which is the kind of revenue that makes an $8.3 billion price tag look less speculative than it might otherwise. The compute commitment is the detail worth noting. In this market, capital alone is not enough; access to power and chips is the real bottleneck, and locking in 500 megawatts may matter more to Together's next year than the cash itself.

## Source

[Read the full story at TechCrunch](https://techcrunch.com/2026/07/01/neocloud-together-ai-raises-800m-leaps-to-8-3b-valuation/)

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