AI21, a Tel Aviv, Israel-based provider of in AI systems for enterprise, raised $208M in Series C funding, at $1.4 Billion valuation.
The round, which brought the total amount to $336M, saw participation from Intel Capital and Comcast Ventures.
The company intends to use the funds to expand operations and its business reach.
Led by co-CEOs Ori Goshen and Yoav Shoham, AI21 specializes in generative AI and large language models, with the mission to empower businesses with LLMs and AI consumer applications and enterprise solutions. With the developer platform AI21 Studio, businesses can build their own generative AI-driven applications and services through an advanced family of language models, Jurassic-2. Its consumer product, Wordtune, is an AI-based reading and writing assistant to understand context and meaning, enabling its millions of users to refine and generate text or read and summarize text within seconds.
AI21’s Contextual Answers model, specifically designed for grounded question
answering, is used by customers such as Clarivate, an analytics company, and One Zero digital
bank to answer user queries using information based entirely on the organization’s body of data.
FinSMEs
21/11/2023