AI21 Labs Raises $155M, Reaches $1.4B Valuation
Related company: AI21 Labs (http://www.ai21.com)
AI21 Labs has raised $155 million in funding, reaching a valuation of $1.4 billion. They have launched an enhanced version of their generative AI writing and reading assistant, Wordtune. The funding round included investors such as Walden Catalyst, Pitango, SCB10X, b2venture, Samsung Next, Google, and Nvidia. AI21 Labs develops foundation models for developers and enterprises, and their flagship product, Wordtune, has expanded to include features such as text summarization and analysis. The company aims to develop the next-level of AI with reasoning capabilities across various domains.
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