Saudi Aramco Bets $800 Million That Open Source Beats Closed AI
Together AI raised an $800 million Series C at an $8.3 billion valuation, led by Saudi Aramco's venture arm with Nvidia, Vista Equity Partners and General Catalyst joining in. The round more than doubles the company's valuation from 16 months ago and signals real capital behind the bet that open-weight models can beat closed frontier labs on cost.