AI21 Labs raises $155M to accelerate GenAI for enterprises
Related company: AI21 Labs (http://www.ai21.com)
AI21 Labs, a large language model leader based in Tel Aviv, has raised $155 million in Series C funding to accelerate its text-based generative AI services for enterprises. The funding round included investors such as Walden Catalyst, Pitango, SCB10X, b2venture, Samsung Next, Google, and Nvidia. AI21 Labs, founded in 2017, aims to develop the next-level of AI with reasoning capabilities across various domains. The company’s proprietary Jurassic-2 foundation models power AI21 Studio and Wordtune, providing custom text-based business applications and a multilingual reading and writing AI assistant. AI21 Labs’ work in generative AI is expected to drive productivity and efficiency in multiple industries.
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