Together AI revenue and valuation
Specter estimates Together AI's annual revenue at $990M to $2.03B and its valuation at $7.42B to $10.6B. The company last reported $1.2B ARR in June 2026 and was priced at $8.3B in July 2026.
- Estimated revenue
- $990M–$2.03B
- Estimated valuation
- $7.42B–$10.6B
- Reported ARR
- $1.2B
- Total funding
- $1.33B
- Founded
- 2022
- Headquarters
- San Francisco, United States
- Employees
- 445
Together AI revenue
Together AI last reported $1.2B ARR in June 2026. Specter's model puts current ARR between $990M and $2.03B.
Monthly data
| Month | Specter estimate | Low | High | Reported ARR |
|---|---|---|---|---|
| $1.42B | $990M | $2.03B | ||
| $1.37B | $980M | $1.93B | ||
| $1.3B | $990M | $1.7B | ||
| $1.26B | $1B | $1.58B | ||
| $1.2B | $1B | $1.44B | $1.2B | |
| $210M | $89M | $340M | ||
| $169M | $90M | $250M | ||
| $149M | $69M | $230M | ||
| $136M | $60M | $210M | ||
| $119M | $51M | $186M | ||
| $110M | $48M | $172M | ||
| $110M | $49M | $171M | ||
| $120M | $50M | $191M | ||
| $126M | $50M | $200M | ||
| $126M | $52M | $200M | ||
| $114M | $51M | $176M | ||
| $125M | $52M | $198M | ||
| $128M | $52M | $200M | ||
| $129M | $55M | $200M | ||
| $123M | $64M | $182M | ||
| $114M | $56M | $171M | ||
| $76M | $31M | $121M | ||
| $83M | $36M | $129M | ||
| $75M | $36M | $115M | ||
| $56M | $39M | $73M | ||
| $50M | $32M | $67M | ||
| $59M | $17M | $100M | ||
| $60M | $45M | $75M | ||
| $48M | $32M | $63M |
| Date | Reported ARR | Source |
|---|---|---|
| $1.2B |
Together AI valuation
Together AI's valuation rose from $94.8M at its Seed in May 2023 to $8.3B at its Series C in July 2026. Specter's live estimate sits between $7.42B and $10.6B.
Monthly data
| Month | Specter estimate | Low | High | Reported valuation |
|---|---|---|---|---|
| $8.85B | $7.42B | $10.6B | ||
| $8.11B | $6.59B | $10B | ||
| $8.25B | $6.85B | $9.94B | ||
| $8.3B | $6.9B | $9.98B | $8.3B (round) | |
| $7.09B | $4.72B | $10.6B | ||
| $6.05B | $3.87B | $9.47B | ||
| $5.17B | $3.46B | $7.73B | ||
| $4.42B | $3.21B | $6.07B | ||
| $3.77B | $2.86B | $4.98B | ||
| $3.22B | $2.36B | $4.39B | ||
| $2.75B | $2.04B | $3.71B | ||
| $2.35B | $1.78B | $3.11B | ||
| $2.01B | $1.55B | $2.6B | ||
| $1.71B | $1.36B | $2.16B | ||
| $1.46B | $1.19B | $1.8B | ||
| $1.25B | $1.04B | $1.5B | $1.25B (press) | |
| $1.52B | $1.15B | $2.01B | ||
| $1.84B | $1.43B | $2.37B | ||
| $2.24B | $1.8B | $2.79B | ||
| $2.72B | $2.22B | $3.33B | ||
| $3.3B | $2.74B | $3.97B | $3.3B (round) | |
| $3.02B | $1.5B | $6.08B | ||
| $2.77B | $1.51B | $5.08B | ||
| $2.53B | $1.41B | $4.53B | ||
| $2.32B | $1.33B | $4.05B | ||
| $2.12B | $1.31B | $3.45B | ||
| $1.94B | $1.42B | $2.67B | ||
| $1.78B | $1.45B | $2.19B | ||
| $1.63B | $1.12B | $2.36B |
Together AI funding rounds
| Date | Round | Raised | Post-money valuation | Lead investors |
|---|---|---|---|---|
| Series C | $800M | $8.3B | Aramco Ventures | |
| Series B | $305M | $3.3B | Prosperity7 Ventures, General Catalyst | |
| Series A | $106M | $1.25B | Salesforce Ventures | |
| Series A | $103M | $565M | Kleiner Perkins, NVIDIA | |
| Seed | $20M | $94.8M | Lux Capital |
Together AI competitors
Open-source model hosting is splitting between generic infrastructure clouds and developer-focused inference platforms.
| Company | Revenue | Valuation |
|---|---|---|
| $990M–$2.03B | $7.42B–$10.6B | |
| $740M–$1.48B | $15.1B–$20.9B | |
| $67M–$106M | $980M–$2.22B | |
| $76M–$181M | $1.23B–$4.67B | |
| $7M–$14M | $670M–$1.63B |
Together AI revenue and valuation FAQ
What is Together AI's revenue?
Specter estimates Together AI's annual recurring revenue at $990M to $2.03B as of October 2026. Together AI last reported $1.2B ARR in June 2026.
What is Together AI's valuation?
Together AI's latest post-money valuation is $8.3B, from a July 2026 Series C. Specter's live estimate is $7.42B to $10.6B.
What is Together AI's revenue multiple?
Together AI is valued at about 6.9× ARR, based on its $8.3B July 2026 valuation and $1.2B last reported ARR. That works out to roughly $2.7M of ARR per employee.
How much funding has Together AI raised?
$1.33B across five rounds, from a $20M Seed in May 2023 to an $800M Series C in July 2026.
Who invested in Together AI?
65 investors, including Aramco Ventures, General Catalyst, Kleiner Perkins, NVIDIA, Prosperity7 Ventures and Salesforce Ventures.
Who are Together AI's competitors?
Fireworks AI, DeepInfra, Hugging Face and SiliconFlow. Specter ranks 29 competitors for Together AI.