AI startup AI21 Labs valued at $1.4 billion after latest fund raise

Israel-based AI startup AI21 Labs said on Tuesday it has raised $155 million in a Series C funding round which saw participation from technology heavyweights Alphabet’s Google and Nvidia.With the latest round, AI21 has raised a total capital of $283 million at a valuation of $1.4 billion, the company said

AI21 is among a clutch of AI startups that have benefited from this boom, attracting strong interest from venture capital firms and other investors. Founded in 2017, AI21 Labs has built a strong customer base, from consumers to Fortune 100 companies.

Via: channelnewsasia.com