AI21 Labs, a leading provider of generative artificial intelligence (AI) services, has successfully raised $155 million in Series C funding. This latest funding round brings the total investment secured by AI21 Labs to an impressive $283 million, and has resulted in the company being valued at an estimated $1.4 billion.
AI21 Labs, founded in 2017 by renowned AI experts Amnon Shashua, Yoav Shoham, and Ori Goshen, is known for its cutting-edge large language models (LLMs) and natural language processing (NLP) technologies. These advanced technologies are made accessible to businesses through user-friendly applications and application programming interfaces (APIs).
What differentiates AI21 Labs from its competitors is its unique approach to AI systems. Rather than focusing solely on models, AI21 Labs prioritizes the development of AI systems that are easily integrated and deliver reliable, trustworthy, and accurate results.
The company’s proprietary Jurassic-2 foundation models, among the largest and most sophisticated LLMs in existence, power AI21 Studio. This developer platform enables businesses to create customized text-based applications using AI21 Labs’ innovative technology.
One of AI21 Labs’ standout offerings is Wordtune, a multilingual reading and writing AI assistant. Wordtune is designed to understand context and meaning, providing users with the ability to refine and generate text, as well as read and summarize text quickly.
The recent funding and advancements in generative AI underscore the growing importance and potential of AI across various industries. AI21 Labs aims to leverage this investment to further its goal of developing the next level of AI, with the ability to reason across multiple domains.
FAQ:
Q: What is AI21 Labs?
A: AI21 Labs is a company that provides generative artificial intelligence services to businesses.
Q: How much funding has AI21 Labs raised?
A: AI21 Labs has raised a total of $283 million in funding.
Q: What is the valuation of AI21 Labs?
A: AI21 Labs is currently valued at $1.4 billion.
Q: What makes AI21 Labs unique?
A: AI21 Labs focuses on building AI systems that are easily integrated and deliver reliable results.
Q: What are some products offered by AI21 Labs?
A: AI21 Labs offers Wordtune, a multilingual reading and writing AI assistant, and AI21 Studio, a developer platform.