Generative AI startup AI21 Labs lands $155M at a $1.4B valuation
Related company: AI21 Labs (http://www.ai21.com)
AI21 Labs, a Tel Aviv-based startup, has raised $155 million in a funding round led by Walden Catalyst, Pitango, SCB10X, b2venture, Samsung Next, and Amnon Shashua. The company’s total raised is now $283 million, valuing it at $1.4 billion. AI21 Labs develops text-generating AI tools and offers AI21 Studio, a platform for building custom text-based business apps. Despite competition in the generative AI space, AI21 Labs claims its solutions are superior, offering more refined control and up-to-date data. The funding will support the company’s R&D efforts and expansion plans.
AI21 Labs, a generative AI startup, has raised $155 million in a funding round led by Walden Catalyst, Pitango, SCB10X, b2venture, Samsung Next, and Amnon Shashua. The Tel Aviv-based startup now has a valuation of $1.4 billion. AI21 Labs offers AI tools for generating text and has a flagship product called AI21 Studio. The company competes with other startups and tech giants like Google, AWS, and Microsoft. Despite the competition, AI21 Labs claims its solutions are superior, offering more refined control and up-to-date data. The funding will support the company’s R&D efforts and expansion plans.
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