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AI21 Labs
Generative AI systems
- 201-500 employees
- B2B
- Artificial Intelligence
- Enterprise
- Deep Tech
- Machine Learning
- SaaS
- Tel Aviv-Yafo, Tel Aviv District
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Company mission
To build AI systems with an unprecedented capacity to understand and generate natural language.
Our take
AI21 Labs addresses a significant challenge in the realm of artificial intelligence by recognising the limitations of general-purpose language models (LLMs) in enterprise settings. In response to this problem, AI21 has introduced the AI21 Studio Platform, emphasising Task-Specific Models - optimised LLMs specifically designed to excel in distinct natural language processing (NLP) capabilities.
The architecture employed by AI21 integrates LLMs, external knowledge sources, and discrete reasoning to enrich the LLMs with knowledge and reasoning, contributing to a flexible architecture that incorporates multiple models. This innovative approach, alongside the company's development of LLMs for consumer application development, is what makes it stand out in the space.
With a successful Series C funding round, putting the company's value at $1.4 billion, AI21 is positioned for substantial growth and impact. The funding will go towards increasing the company's influence by emphasising a tailored approach to AI, with its rather niche focus suggesting a promising trajectory as it helps shape the future of AI-first enterprises.
Freddie
Company Specialist at Welcome to the Jungle
Funding (last 2 of 6 rounds)
Nov 2023
$53m
SERIES C
Aug 2023
$155m
SERIES C
Total funding: $326.5m
This company has top investors
Leadership
Ori Goshen
(Co-Founder & Co-CEO)Previously founded CrowdX (acquired by Cellwize) and tawkon. They also served as a Director of Technology at Cellwize before co-founding AI21 Labs in 2017.
Yoav Shoham
(Co-Founder)For the past 36 years they have been a Professor at Stanford University. Previously they were co-founder and Chairman of WeCode, Figure8, and Timeful. They also worked as a Principal Scientist at Google.