Together AI Stock Price, Valuation & IPO
Private company — Together AI is privately held. Its shares are not listed on any public exchange and can only be accessed through private secondary transactions.
Status source: AXEVIL investment team
$206.78 per share (AXEVIL consensus estimate)
Source: AXEVIL consensus of recent secondary transactions · as of 1 July 2026
Last round valuation: $8.3B
Source: C, July 2026, post-money
Total raised: ~$548M
Data last updated: 1 July 2026
About Together AI
Leading Inference Cloud platform for deploying open-source AI models in the enterprise.
Together AI is one of the largest independent providers of cloud inference for open AI models: 1M+ developers, 2T+ tokens a day, and 14% of the global inference market. Founded by Stanford alumni, including FlashAttention author Tri Dao. Contracted annual revenue is $1.07B (6x year over year); customers include Salesforce, Cursor, Uber, Zoom, and ElevenLabs. In May 2026 it is closing an $800M Series C at a $7.5B valuation; an IPO is expected in H2 2027.
- Sector: Artificial Intelligence
- Headquarters: San Francisco, California
- Founded: 2022
Key highlights
- The industry's transition from training models to scaling inference. Inference costs will exceed training costs; Together's inference business is growing 10× annually — a specialized provider of the largest segment.
- Open models are catching up to closed ones in quality and are winning on price. DeepSeek-R1, Llama, Mistral, and Qwen have reached the level of GPT-4/Claude; migration to them is accelerating, Together is the largest independent provider.
- Structurally, the best specific indicators due to own equipment. GPU utilization of 75% and 2–3× higher performance than clouds yield a gross margin of ~70% — a level of public SaaS unattainable with simple chip rental.
Funding rounds
| Date | Round | Price / share | Post-money valuation |
|---|---|---|---|
| 1 July 2026 | C | $206.78 | $8.3B |
| 20 February 2025 | B | $97.43 | $3.3B |
| 13 March 2024 | A-4 | $44.73 | $1.3B |
| 29 November 2023 | A-2 | $22.08 | $542M |
| 15 May 2023 | Seed | $5.33 | $139M |
Frequently asked questions
How can I buy Together AI stock before the IPO?
Not on a public exchange — Together AI is privately held. Shares change hands only in private secondary transactions. AXEVIL structures those as dedicated US special purpose vehicles for accredited investors, subject to availability and to the rules of your jurisdiction.
What is the Together AI stock price?
A private company has no single official share price. AXEVIL's consensus estimate is $206.78 per share as of 1 July 2026. Its most recent round implied a post-money valuation of $8.3B (July 2026).
What is Together AI's valuation (net worth)?
Together AI's most recent funding round valued the company at $8.3B post-money (July 2026) — the latest primary-market measure of what the company is worth. Secondary trades can price its shares above or below that round.
When will Together AI IPO?
No listing has been announced. AXEVIL does not forecast IPO dates — this page states what has actually been filed or reported, with the date it was last checked.
Is Together AI publicly traded?
No. Together AI is a private company and its shares are not listed on any public exchange.
Does Together AI have a stock symbol?
No. Together AI has no ticker symbol because its shares are not listed on any exchange; a symbol is assigned only at an IPO or direct listing.
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Risk disclosure
Nothing on this page is an offer to sell or a solicitation to buy any security, and it is not investment advice. Valuations and share prices shown here are AXEVIL estimates built from primary sources — filings, announced rounds and completed secondary transactions — not quoted market prices, and they can be revised. Private-company shares are illiquid, may be impossible to sell, and the entire amount invested can be lost. Availability depends on your jurisdiction and on accredited-investor status.