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Together AI: Business Overview, Financials & Competitive Analysis

Together AI scores 9/10 on the AskCyborg Cyborg Score (Exceptional). Exceptional execution capturing explosive demand for open-source AI infrastructure at scale, with path to margin expansion through vertical integration. Revenue growth from $618M (end 2025) to $1B (February 2026) demonstrates >60% quarterly growth. The company is in talks to raise approximately $1B at a $7.5B pre-money valuation as of March.

What is Together AI's industry? Together AI (together.ai) operates in AI Infrastructure. AskCyborg classifies Together AI under AI Infrastructure in its company registry.

Together AI generates revenue through per-token API usage and GPU server rentals, positioning itself as an "AI acceleration cloud" that streamlines model training, fine-tuning, and inference. Founded in 2021 by Percy ...

9/ 10Exceptional

Cyborg Score thesis

Exceptional execution capturing explosive demand for open-source AI infrastructure at scale, with path to margin expansion...

Read the full analyst-debate transcript →
Industry AI Infrastructure
4 named competitors
4 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: September 14, 2026
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AskCyborg analysts argue the bull and bear cases for Together AI across 11 stress-tested dimensions. Listen on your commute -- faster than reading the 30-page report.

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What's in This Report
Together AI OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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Together AI Overview

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Together AI generates revenue through per-token API usage and GPU server rentals, positioning itself as an "AI acceleration cloud" that streamlines model training, fine-tuning, and inference. Founded in 2021 by Percy Liang, Chris Ré, and Vipul Ved Prakash, the company serves developers and enterprises seeking cost-effective, open-source AI infrastructure alternatives to proprietary solutions.

Strategic Profile

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Together AI hit $1B in annualized revenue in February 2026, up from ~$618M at the end of 2025, driven by rising demand for developer tooling and GPU capacity. The company increasingly sources GPU capacity from its own data centers (e.g., Maryland live since July 2025, Memphis forthcoming) in addition to third-party providers. Together AI positions its platform on open-source friendliness and performance guarantees, differentiating against both hyperscalers and specialist competitors.

Competitive Landscape

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Competitors include CoreWeave, Lambda Labs, and Vast.ai, which each tout differentiated infrastructure; meanwhile, hyperscalers like AWS command vast fleets and deep discounts. Together AI positions on open-source friendliness and performance guarantees. Additional competitors include Fixie AI, Anyscale, and Neural Magic.

Industry Context

Together AI operates in AI Infrastructure.

Key facts

Founded: 2021 · Headquarters: San Francisco, US · Employees: 335 · Revenue: $1B (annualized, Feb 2026) · Market cap: N/A

What the analysts stress-tested

The top findings that survived the multi-agent debate for Together AI.

  • API business (30–40% of revenue) provides high-margin recurring revenue; GPU rental (majority of revenue) is becoming more profitable as Together builds its own data centers rather than purely reselling third-party capacity
  • Launched voice platform in March 2026 co-locating speech-to-text, LLM, and text-to-speech with sub-500ms latency, featuring SOC 2 Type II, HIPAA, and zero-data-retention compliance
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Recent developments

Material events tracked by the AskCyborg corpus.

  • March 2026Launched voice agents platform with sub-500ms end-to-end latency and enterprise compliance features (SOC 2 Type II, HIPAA, zero data retention)
  • March 2026In talks to raise $1B at $7.5B pre-money valuation with Prosperity7 Ventures and other investors
  • +2 moreTrack every material event for Together AI as it happens. Explore monitoring →
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

CoreWeaveSpecialized GPU cloud infrastructure provider→Lambda LabsGPU cloud for deep learning and AI workloads→AWSHyperscaler with broad cloud services portfolio→AnyscaleDistributed computing framework for ML→

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Industry context

Together AI operates in AI Infrastructure. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Together AI do?+
Together AI generates revenue through per-token API usage and GPU server rentals, positioning itself as an "AI acceleration cloud" that streamlines model training, fine-tuning, and inference. Founded in 2021 by Percy ...
What is Together AI's Cyborg Score?+
Together AI has a Cyborg Score of 9/10 (Exceptional). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Together AI's main competitors?+
Named competitors include CoreWeave, Lambda Labs, AWS, Anyscale. The full competitive landscape is in the AskCyborg report.
How can I get the full Together AI research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Together AI research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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More AI Infrastructure research

Companies in the same sector and named competitors, ranked by Cyborg Score.

9CoreWeave, Inc.