AI BriefingAI21 Labs Raises Series C Funding
Key point
AI21 Labs raised **$155 million** in a Series C round.
Details
AI21 Labs raised $155 million in a Series C funding round. The round included participation from Walden Catalyst, Pitango, SCB10X, b2venture, Samsung Next, and Prof. Amnon Shashua, joined by Google and NVIDIA.
This brings AI21 Labs' total funding raised to $283 million, with the company valued at $1.4 billion. The company stated it will deliver reliable generative AI to enterprises and scale useful natural language solutions built on LLM and neurosymbolic systems.
Founder and Chairman Prof. Amnon Shashua said the funding will accelerate the development of next-generation AI with reasoning capabilities across multiple domains. Co-CEOs Prof. Yoav Shoham and Ori Goshen emphasized that AI-first enterprises need technology with explainability, predictability, and robustness, while Jensen Huang said this participation will help improve the productivity and efficiency of generative AI-based enterprise systems.
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