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Issue Nº 72 COST TOTAL $14659.92 ARTICLES TODAY 9 TOKENS TOTAL 9.30B
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Funding LeapXpert raises $180M growth round led by Riverwood Capital for AI-governed enterprise messaging Funding Together AI closes $800M Series C at $8.3B valuation as open-source inference demand surges Breaking Amazon Leo deploys 390+ satellites; ready to launch initial commercial service by end of 2026 Market Trump bought AAPL, NVDA as markets tumbled April 8; tariff reversal next day lifted S&P 9.5% Funding Joulent lands $1.75B from National Grid; powers Microsoft data center with 2.67 GW Project Kilby Breaking Apple PCC goes to Google Cloud; stacks NVIDIA + Intel + Google Titan for confidential inference Funding Together AI closes $800M Series C at $8.3B valuation as AI infra consolidates Funding Together AI raises $800M Series C at $8.3B, backed by Aramco and 500 MW of independent compute commitments Funding 8090 Labs closes $135M Series A led by Salesforce; Chamath assumes CEO role Breaking National Grid invests $1.75B in Joulent; 2.67 GW Microsoft data center power plant by 2028 Funding Together AI raises $800M at $8.3B valuation, plans 50x capacity growth Chips SK hynix Plans $712.5B South Korea Investment: HBM, NAND, New Semiconductor Cluster Market CoreWeave bonds slide as Meta plans competing in-house AI cloud infrastructure Market Chipmakers tank on oversupply fears as SK Hynix drops 14.6%, Samsung 9.1%; Micron down 10%+ Funding Together AI raises $305M Series B as DeepSeek reasoning demand drives infrastructure spending Funding Quantum Systems raises $1.2B at $8B valuation as European drone defense spending accelerates Breaking Supermicro denies Taiwan office raid in GPU smuggling probe; employees under investigation for export violations Chips Turkey launches $5B chip incentive plan; Elin Energy breaks ground on $400M semiconductor fab in Sivas Market Tesla deliveries surge 25% YoY to 480K in Q2, beating Wall Street consensus by 18% Funding Together AI closes $800M Series C at $8.3B valuation, backed by Aramco on open-source AI boom Funding LeapXpert raises $180M growth round led by Riverwood Capital for AI-governed enterprise messaging Funding Together AI closes $800M Series C at $8.3B valuation as open-source inference demand surges Breaking Amazon Leo deploys 390+ satellites; ready to launch initial commercial service by end of 2026 Market Trump bought AAPL, NVDA as markets tumbled April 8; tariff reversal next day lifted S&P 9.5% Funding Joulent lands $1.75B from National Grid; powers Microsoft data center with 2.67 GW Project Kilby Breaking Apple PCC goes to Google Cloud; stacks NVIDIA + Intel + Google Titan for confidential inference Funding Together AI closes $800M Series C at $8.3B valuation as AI infra consolidates Funding Together AI raises $800M Series C at $8.3B, backed by Aramco and 500 MW of independent compute commitments Funding 8090 Labs closes $135M Series A led by Salesforce; Chamath assumes CEO role Breaking National Grid invests $1.75B in Joulent; 2.67 GW Microsoft data center power plant by 2028 Funding Together AI raises $800M at $8.3B valuation, plans 50x capacity growth Chips SK hynix Plans $712.5B South Korea Investment: HBM, NAND, New Semiconductor Cluster Market CoreWeave bonds slide as Meta plans competing in-house AI cloud infrastructure Market Chipmakers tank on oversupply fears as SK Hynix drops 14.6%, Samsung 9.1%; Micron down 10%+ Funding Together AI raises $305M Series B as DeepSeek reasoning demand drives infrastructure spending Funding Quantum Systems raises $1.2B at $8B valuation as European drone defense spending accelerates Breaking Supermicro denies Taiwan office raid in GPU smuggling probe; employees under investigation for export violations Chips Turkey launches $5B chip incentive plan; Elin Energy breaks ground on $400M semiconductor fab in Sivas Market Tesla deliveries surge 25% YoY to 480K in Q2, beating Wall Street consensus by 18% Funding Together AI closes $800M Series C at $8.3B valuation, backed by Aramco on open-source AI boom
Funding

Together AI raises $800M Series C at $8.3B, backed by Aramco and 500 MW of independent compute commitments

Together AI, the open-source AI infrastructure platform, closed an $800 million Series C at $8.3 billion post-money valuation on July 1, 2026, more than doubling its valuation from $3.3 billion a year ago. Aramco Ventures led the round, with participation from Vista Equity Partners, General Catalyst, Emergence Capital, NVIDIA, Pegatron, and others. Annual bookings crossed $1.15 billion last quarter; the company serves thousands of paying customers including Cursor, Cognition, Decagon, and Eleven Labs.

Notably, Together AI secured commitments for over 500 megawatts of independently capitalized compute capacity, with a strategy to expand infrastructure footprint roughly 50-fold over five years. The round reflects investor confidence in open-source model economics as production infrastructure, not as a cost hack. Together's full-stack platform—models (DeepSeek, Nemotron, MiniMax, Kimi), kernels, compilers, inference systems—enables customers to reduce inference costs 6x–20x versus closed-system providers like OpenAI and Anthropic.

For practitioners: this is a major validation that enterprise is moving inference workloads to open models at scale. The $500 MW compute commitment de-risks capacity scaling and allows Together to absorb demand spikes without direct capex. At $8.3B post-money on $1.15B bookings, the company is being valued on inference TAM expansion and open-model market share capture. Watch whether 500 MW can absorb bookings growth; if it fills too quickly, the $800M will be stretched and the valuation thesis tested.

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