---
title: "Together AI revenue and valuation"
description: "Together AI's ARR is estimated at $990M–$2.03B, last reported at $1.2B. Valued at $8.3B after raising $1.33B. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/together-ai.md
canonical_url: https://www.tryspecter.com/revenue-valuation/together-ai
publisher: Specter
last_updated: 2026-11-01
---

# 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.

Together AI is a cloud platform for training and deploying open-source generative AI models.

- Estimated revenue: $990M to $2.03B (October 2026)
- Estimated valuation: $7.42B to $10.6B (October 2026)
- Last reported ARR: $1.2B (June 2026)
- Total funding: $1.33B
- Founded: 2022
- Headquarters: San Francisco, United States
- Employees: 445
- Sector: AI infra
- Specter Rank: #33,084

## Together AI revenue

Together AI last reported $1.2B ARR in June 2026. Specter's model puts current ARR between $990M and $2.03B.

| Reported figure | Date | Source |
| --- | --- | --- |
| $1.2B ARR | June 2026 | [Portfolio company @togethercompute announced an $800 million Series C at an $8.3 billion valuation; ARR $1.2B](https://x.com/QuantumLightVC/status/2072612754150621648) (x.com) |

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $1.42B | $990M | $2.03B |
| September 2026 | $1.37B | $980M | $1.93B |
| August 2026 | $1.3B | $990M | $1.7B |
| July 2026 | $1.26B | $1B | $1.58B |
| June 2026 | $1.2B | $1B | $1.44B |
| May 2026 | $210M | $89M | $340M |
| April 2026 | $169M | $90M | $250M |
| March 2026 | $149M | $69M | $230M |
| February 2026 | $136M | $60M | $210M |
| January 2026 | $119M | $51M | $186M |
| December 2025 | $110M | $48M | $172M |
| November 2025 | $110M | $49M | $171M |
| October 2025 | $120M | $50M | $191M |
| September 2025 | $126M | $50M | $200M |
| August 2025 | $126M | $52M | $200M |
| July 2025 | $114M | $51M | $176M |
| June 2025 | $125M | $52M | $198M |
| May 2025 | $128M | $52M | $200M |
| April 2025 | $129M | $55M | $200M |
| March 2025 | $123M | $64M | $182M |
| February 2025 | $114M | $56M | $171M |
| January 2025 | $76M | $31M | $121M |
| December 2024 | $83M | $36M | $129M |
| November 2024 | $75M | $36M | $115M |
| October 2024 | $56M | $39M | $73M |
| September 2024 | $50M | $32M | $67M |
| August 2024 | $59M | $17M | $100M |
| July 2024 | $60M | $45M | $75M |
| June 2024 | $48M | $32M | $63M |

## 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.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $8.85B | $7.42B | $10.6B |
| September 2026 | $8.11B | $6.59B | $10B |
| August 2026 | $8.25B | $6.85B | $9.94B |
| July 2026 | $8.3B | $6.9B | $9.98B |
| June 2026 | $7.09B | $4.72B | $10.6B |
| May 2026 | $6.05B | $3.87B | $9.47B |
| April 2026 | $5.17B | $3.46B | $7.73B |
| March 2026 | $4.42B | $3.21B | $6.07B |
| February 2026 | $3.77B | $2.86B | $4.98B |
| January 2026 | $3.22B | $2.36B | $4.39B |
| December 2025 | $2.75B | $2.04B | $3.71B |
| November 2025 | $2.35B | $1.78B | $3.11B |
| October 2025 | $2.01B | $1.55B | $2.6B |
| September 2025 | $1.71B | $1.36B | $2.16B |
| August 2025 | $1.46B | $1.19B | $1.8B |
| July 2025 | $1.25B | $1.04B | $1.5B |
| June 2025 | $1.52B | $1.15B | $2.01B |
| May 2025 | $1.84B | $1.43B | $2.37B |
| April 2025 | $2.24B | $1.8B | $2.79B |
| March 2025 | $2.72B | $2.22B | $3.33B |
| February 2025 | $3.3B | $2.74B | $3.97B |
| January 2025 | $3.02B | $1.5B | $6.08B |
| December 2024 | $2.77B | $1.51B | $5.08B |
| November 2024 | $2.53B | $1.41B | $4.53B |
| October 2024 | $2.32B | $1.33B | $4.05B |
| September 2024 | $2.12B | $1.31B | $3.45B |
| August 2024 | $1.94B | $1.42B | $2.67B |
| July 2024 | $1.78B | $1.45B | $2.19B |
| June 2024 | $1.63B | $1.12B | $2.36B |

| Reported valuation | Month | Source |
| --- | --- | --- |
| $8.3B | July 2026 | Funding round |
| $1.25B | July 2025 | [linkedin.com](https://www.linkedin.com/posts/isaac-kassab_startups-entrepreneurship-leanstartups-activity-7353043890855211008-2CRH) |
| $3.3B | February 2025 | Funding round |
| $1.25B | March 2024 | Funding round |
| $565M | November 2023 | Funding round |
| $94.8M | May 2023 | Funding round |

## Together AI funding rounds

| Date | Round | Raised | Post-money | Lead investors |
| --- | --- | --- | --- | --- |
| 1 Jul 2026 | Series C | $800M | $8.3B | Aramco Ventures |
| 20 Feb 2025 | Series B | $305M | $3.3B | Prosperity7 Ventures, General Catalyst |
| 13 Mar 2024 | Series A | $106M | $1.25B | Salesforce Ventures |
| 29 Nov 2023 | Series A | $103M | $565M | Kleiner Perkins, NVIDIA |
| 15 May 2023 | Seed | $20M | $94.8M | Lux Capital |

## Together AI vs competitors

Open-source model hosting is splitting between generic infrastructure clouds and developer-focused inference platforms.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Together AI | $990M–$2.03B | $7.42B–$10.6B |
| Fireworks AI (fireworks.ai) | $740M–$1.48B | $15.1B–$20.9B |
| DeepInfra (deepinfra.com) | $67M–$106M | $980M–$2.22B |
| Hugging Face (huggingface.co) | $76M–$181M | $1.23B–$4.67B |
| SiliconFlow (siliconflow.cn) | $7M–$14M | $670M–$1.63B |

## Questions

### 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.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Together AI revenue and valuation." tryspecter.com/revenue-valuation/together-ai. Updated November 2026.