12-May-2025 :

AI21 Labs, one of the top independent large language model startups, is in the process of raising $300 million to boost its competitiveness in the crowded generative AI space.
The Israeli company, known for its Jurassic series of models and AI writing tools, is seeking to expand its enterprise offerings and scale globally.
This new funding round comes amid a broader wave of capital flowing into LLM startups, with AI21 Labs positioning itself as a viable alternative to OpenAI, Google, and Anthropic.
The company has already signed deals with major enterprises and cloud providers, and aims to use the funds to invest further in model training, infrastructure, and go-to-market operations.