FUNDING
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FUNDING$800M
Together AI Raises $800M at $8.3B Valuation as Open-Source Inference Demand Triples
Together AI closed an $800 million Series C on July 1 at an $8.3 billion post-money valuation, more than doubling its prior mark. The round was led by Aramco Ventures with Vista Equity Partners, General Catalyst, Emergence Capital, Nvidia, March Capital and others participating, as annual bookings crossed $1.15 billion on the back of open-source model usage tripling industry-wide in twelve months.
FUNDING
Ex-Infosys CEO Vishal Sikka Launches Hang Ten Systems With $32M to Aim AI at IT Services
FUNDING$32M seed
Ex-Infosys CEO Vishal Sikka Launches Hang Ten Systems With $32M to Aim AI at IT Services
Vishal Sikka, the former Infosys CEO, has emerged with a new startup, Hang Ten Systems, backed by a $32 million seed round led by Mayfield with Aramco Ventures participating. The company uses agentic AI and reusable 'skills' to build, modify and operate enterprise software -- a direct bet that AI can replace, not just assist, the traditional IT-services workforce.