AI21 Labs, a Tel Aviv-based startup developing a range of text-generating AI tools, has raised $155 million in a Series C funding round led by Walden Catalyst, Pitango, SCB10X, b2venture, Samsung Next and Amnon Shashua, the founder of Intel-owned Mobileye and an AI21 Labs co-founder. Google and Nvidia also participated.
The tranche, which brings AI21 Labs’ total raised to $283 million, values the company at $1.4 billion — a bit higher than the figure The Information reported earlier today ($1.2 billion).
“AI21 Labs came out of stealth in October 2020 with our first launch of [AI writing tool] Wordtune,” Yoav Shoham, one of AI21 Labs’ co-CEOs, told TechCrunch via email. “Since then, we’ve only managed to grow, more than doubling our workforce with plans to add even more employees.”
AI21 Labs was founded in 2017 by Shashua, Shoham and Ori Goshen, the startup’s other co-CEO. Shoham, a professor emeritus …
