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AI21 Labs - Extended Series C
Overview
Funding Date
November 21, 2023
Financing amount
$53.5M
Valuation
--
Catagory
About AI21 Labs - Extended Series C
AI21 Labs has closed a $53.5 million extension to its previously announced Series C funding round. The new tranche, which had participation from new investors Intel Capital and Comcast Ventures, bringing the total amount of this round to $208 million!
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | United States of America | 1991 | 5 | Intel.Capital@intel.com | ||
| Fund | United States of America | 1999 | 2 | neva_lew@comcast.com |
Founders & Team
Ori Goshen
Yoav Shoham
Amnon Shashua
Company Profile / Project Introduction
A Tel Aviv-based startup creating a range of text-generating AI tools, AI21 Labs was founded in 2017 by Mobileye co-founder Amnon Shashua, Goshen and Yoav Shoham, the startup's other co-CEO. AI21's flagship product is AI21 Studio, a pay-as-you-go developer platform for building custom text-based business apps off of AI21's proprietary text-generating AI models. The startup also sells access to Wordtune, a multilingual reading and writing AI assistant akin to Grammarly.