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TechFlow news: AI startup AI21 Labs has secured $155 million in Series C funding, with participation from Walden Catalyst, Pitango VC, SCB10X Co Ltd, b2venture, Samsung Next, Google, and Nvidia. This round brings the company's total raised capital to $283 million, valuing the AI startup at $1.4 billion.
The funds will be used to develop AI products that will compete with OpenAI, the developer of ChatGPT, and Anthropic, an AI safety and research company.
AI21 Labs, an artificial intelligence startup, has completed a $155 million Series C funding round led by Walden Catalyst Management LLC, Pitango VC, SCB10X Co Ltd, b2venture, Samsung Next, Google, and Nvidia. The funds will be used to develop AI products that will compete with OpenAI, the developer of ChatGPT, and Anthropic, an AI safety and research company. This funding brings the company's total capital raised to $283 million, with a post-money valuation of $1.4 billion.
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