AI cloud company Together AI has raised $800 million in its Series C funding round, which saw the company achieving an $8.3bn post-money valuation.The funding round was led by Aramco Ventures and saw participation from Vista Equity Partners, General Catalyst, Emergence Capital, Nvidia, March Capital, Pegatron, S Ventures, and others.Together AI will use the funding to expand its products and to scale its capacity and infrastructure footprint, which it is targeting an increase of 50-fold during the next five years.“Intelligence is becoming a foundational resource for the modern economy, every bit as essential as electricity, bandwidth or capital,” said Vipul Ved Prakash, co-founder and CEO of Together AI. “Our mission is to ensure that intelligence is abundant, not expensive. The future of AI won't be owned by a few companies. It will be built by millions of developers and businesses, and open-source models are making that possible.”“Building AI infrastructure over the next decade will be the biggest infrastructure project in human history,” added Abhishek Shukla, managing director of Prosperity7 Ventures US, the Diversified Venturing Program of Aramco Ventures. “Together has built the platform that makes open-source models genuinely usable at enterprise scale, and the team's ambition matches the scale of the opportunity in front of them. We're proud to partner with them, not just on this round but on scaling compute and capacity globally.”Together AI was founded in 2022. The self-described AI acceleration cloud company both leases chips from other cloud providers and re-leases them to developers, and is buying its own servers to rent from its data centers. Details about Together AI's data centers are sparse, but the company's documentation says they are located in North America.Last month, the company signed a multi-year cloud capacity agreement with AI compute provider Rumble Inc. Under the contract, Rumble will provide Together AI with Nvidia HGX B300 systems as dedicated cloud capacity.Earlier this year, the company was reportedly seeking $1 billion in funding.