The Salesforce Tower New York building is pictured in Manhattan in New York City, U.S., April 14, 2023. REUTERS/Mike Segar/File Photo
(Reuters) -Nvidia-backed Together AI said on Wednesday it has raised $106 million in a new funding round, doubling its valuation since last fall as investors rushed to back startups capitalizing on the generative AI boom.
Led by Salesforce Ventures, the funding valued Together AI at $1.25 billion. Other investors in the round included Coatue Management and existing investors such as Lux Capital and Emergence Capital.
