AI21 Completes $208M Series C Funding
Summary
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. 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.