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Ai21 Labs Raises $155M To Accelerate Genai For Enterprises

Aug 30, 2023•almost 2 years ago

Amount Raised

$155 Million

Tel AvivSoftware Development

Investors

NvidiaGoogleProf. Amnon ShashuaSamsung NextB2ventureScb10 XPitangoWalden Catalyst

Description

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Company Information

Company

AI21 Labs

Location

Tel Aviv, Tel Aviv District, Israel

About

AI21 builds market-leading models for the enterprise. Our Foundation Model, Jamba, is a breakthrough SSM-Transformer model that is the first production-grade Mamba-based model delivering best-in-class quality and performance. AI21’s Task-Specific Models are smaller, specialized models purpose-built to solve key enterprise challenges. Our Contextual Answers and Summarization TSMs offer unprecedented efficiency and cost-savings on core enterprise use cases.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech