AI21 nabs $53 million more to challenge OpenAI in enterprise generative AI

AI21, a company that competes with OpenAI to serve enterprise companies with generative AI systems, has chosen an opportune time to announce more funding.

While competitor OpenAI is reeling from internal chaos and revolt, and may fall apart after the majority of its employees have supported a letter calling upon that company’s board to resign, AI21 has raised $53 million more for its series C round of funding, at a valuation of $1.4 billion, and brings the round to a total of $208 million. The company has now raised $336 million.

OpenAI is one of a handful of other companies, including Cohere and Anthropic, that offer large language model (LLM)-driven AI systems to the enterprise that compete with OpenAI, but which are not open sourced. 

And with OpenAI looking very unstable, enterprise companies looking for safety may we decide to hesitate before continuing with OpenAI products, and ...