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AI21 Labs - Series C
Overview
Funding Date
August 31, 2023
Financing amount
$155M
Valuation
$1.4B
Category
About AI21 Labs - Series C
AI21 Labs, a Tel Aviv-based startup developing a range of text-generating AI tools, has raised $155 million in a Series C funding round led by Walden Catalyst, Pitango, SCB 10X, b2venture, Samsung Next and Amnon Shashua, the founder of Intel-owned Mobileye and an AI21 Labs co-founder. Google and Nvidia also participated.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Unknown | -- | 2 | -- | ||
| Fund | Israel | 1993 | 6 | -- | ||
| Corporate | Thailand | 2020 | 20 | [email protected] | ||
| Fund | Unknown | -- | 1 | -- | ||
| Fund | Korea (the Republic of) | 2013 | 49 | [email protected] | ||
| Angel Investor | Unknown | -- | 1 | -- | ||
| Corporate | United States of America | 1998 | 6 | -- | ||
| Corporate | Unknown | -- | 6 | -- |
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.