AI21 Labs Overview
AI21 Labs is an artificial intelligence (AI) research and development company that focuses on creating AI technologies to solve complex problems across various industries. The company is dedicated to advancing the field of AI through research, development, and application of AI-based solutions. AI21 Labs' technology stack includes a range of advanced natural language processing tools and models, deep learning frameworks, and computer vision algorithms. These tools and models are used to develop AI-based applications for a wide range of industries, including healthcare, finance, and retail. One of the company's most notable products is the AI21 Studio, an AI-powered writing assistant that uses natural language processing to help writers improve their writing skills. This tool uses advanced algorithms to suggest better word choices, grammar corrections, and other improvements to make writing more engaging and effective.
Cumulative Funding Raised Over Time ($)
—Aug 2021
$155.0MAug 2023
$164.5MJan 2019
$228.5MJul 2022
$528.5MMay 2025
$553.5MNov 2020
$573.5MNov 2021
$626.5MNov 2023
Latest News
growth-positive
The AI21 Labs co-founder envisions a future where digital and human employees work side by side.
AI21 Labs, co-founded by Yoav Shoham, is focusing on integrating AI into enterprises, envisioning a future where digital and human employees work collaboratively. Shoham, speaking at a conference, highlighted the rapid advancements in AI technology and the shift towards AI agents that manage complex processes. Despite the excitement around AIs potential to boost productivity, Shoham noted significant challenges in technology reliability and organizational adaptation. He emphasized the importance of product management in bridging technology with market needs. AI21 Labs recently raised $155 million in a Series C funding round, valuing the company at $1.4 billion, indicating strong investor confidence in their vision.
Investment
growth-positive
"If we continue blurring definitions, ignoring challenges, and chasing hype, the term “agent” will lose its meaning before the technology even matures," writes Prof. Yoav Shoham, Co-CEO and Co-Founder of AI21.
The article discusses the current state and future potential of AI agents, emphasizing the need for clear definitions and realistic expectations to avoid disillusionment. Prof. Yoav Shoham, Co-CEO and Co-Founder of AI21, highlights the challenges and opportunities in developing reliable and autonomous AI agents. The article critiques the tendency to overhype basic automation as revolutionary, a phenomenon termed Agentwashing. It stresses the importance of building comprehensive systems around large language models to ensure accuracy and trustworthiness. AI21s Maestro and AWSs AgentCore are cited as examples of efforts to create more sophisticated enterprise agent systems. The article concludes that while the potential for AI agents is enormous, careful development and clear communication protocols are essential for their success.
growth-negative
It is not yet known, according to what the building's residents and tenants have been told, whether the building will need to be demolished.
Following an Iranian missile strike, a mixed-use tower in central Israel, housing residential and commercial spaces, including AI21 Labs, has been evacuated due to severe structural damage. The building, which also hosts high-tech companies and venture capital funds, requires extensive renovation, potentially taking months to a year. The damage has affected critical infrastructure, and the buildings future usability is uncertain. Additionally, there have been security breaches, with equipment theft reported. The incident has significant implications for the tenants, including AI21 Labs, impacting their operations.
growth-negative
וורדטיון, שהושקה ב-2020 כתוסף לדפדפן, הייתה בעבר המוצר המרכזי של החברה הישראלית ■ האפליקציה התבססה על מודל הבינה המלאכותית שפיתחה AI21 Labs וסייעה לשפר ולתקן ניסוחים באנגלית ■ שבעה עובדים יפוטרו
AI21 Labs, an Israeli artificial intelligence company, has decided to cease the development of its Wordtune software, a tool designed to assist with writing improvements. This decision comes five years after Wordtunes initial launch. Although the software will remain available to customers, it will only be maintained without new feature developments or updates. As part of this move, seven employees from the Wordtune team will be laid off. The company has shifted its focus towards AI solutions for enterprises (B2B) rather than end consumers, especially after the rise of tools like ChatGPT. AI21 Labs was founded in 2017 and has raised $336 million, with a valuation of $1.4 billion.
LayoffsProduct Stage
growth-positive
AI21 Labs founder and CEO Prof. Yoav Shoham talks to "Globes" about dubious doomsday predictions, what should really concern us, and what could make Israel a global AI leader.
The article discusses AI21, an Israeli company developing AI technology, particularly the Jamba language model. Despite not being at the top of AI model rankings, AI21 focuses on enterprise solutions rather than public-facing chatbots. The company recently launched the Maestro system to improve AI reliability, marking a strategic direction. AI21 has raised $336 million, emphasizing efficient use of resources over massive funding rounds. The article also touches on AI21s role in Israels national AI strategy and the need for increased investment in AI infrastructure. The discussion includes broader AI industry concerns, such as reliability and the potential societal impact of AI technologies.
Product StageInvestment
| Sector | Business Software |
Funding
| Total funding | $626.5M |
| Last funding | $300M |
| Stage | D |
| Rounds | 8 |
| Investors | 18 |
Team Members
8
Employees: 201-500
Web & Social Links
| Website | www.ai21.com |
| Careers | Careers page |
Locations
Shlomo Ibn Gabirol St 124, Tel Aviv-Yafo, Israel
Photos & Videos
No files yet
AI21 Labs Business
Business models
B2B, B2C
Product stage
Released
Employees
201-500
Sector
Business SoftwareIT, R&D & Data SolutionsData Analysis & Decision SupportMedia & Entertainment TechnologiesDigital Content ProductionTarget Customer
ConsumersProfessionals & Gig EconomyEnterprise & Professional ServicesEnterprisesCore Technology
Artificial IntelligenceComputer VisionNatural Language ProcessingDeep LearningGenerative AITags (5)
artificial-intelligencetext-analyticsmachine-learningnatural-language-processingdeep-learningGeographic Markets
GlobalEuropeNorth AmericaAI21 Labs Financials
$626.5M
Total funding
Undisclosed
Capital raised
$300M
Last funding
D
Funding stage
8
Total rounds
18
Investors
Cumulative Funding Raised Over Time ($)
—Aug 2021
$155.0MAug 2023
$164.5MJan 2019
$228.5MJul 2022
$528.5MMay 2025
$553.5MNov 2020
$573.5MNov 2021
$626.5MNov 2023
Private Equity Funding
D Round
May 2025
$300M
Google, Nvidia
C Round
Nov 2023
$53M
Comcast Ventures, Intel Capital
C Round
Aug 2023
$155M
Amnon Shashua, Walden Catalyst Ventures, Samsung Next TLV, Google, b2venture, Pitango Growth, NVIDIA, SCB10x
B Round
Jul 2022
$64M
Ahren Innovation Capital (Lead)
,
Mark Leslie, Amnon Shashua, TPY Capital, Pitango Growth, Walden Catalyst Ventures
B Round
Nov 2021
$20M
Walden Catalyst Ventures (Lead)
A Round
Aug 2021
Undisclosed
Pitango First
A Round
Nov 2020
$25M
Pitango First (Lead)
,
TPY Capital
Seed
Jan 2019
$9.5M
8VC, Amnon Shashua, Pitango First, TPY Capital
AI21 Labs Lifecycle
Cumulative Funding Raised Over Time
—Aug 2021
$155.0MAug 2023
$164.5MJan 2019
$228.5MJul 2022
$528.5MMay 2025
$553.5MNov 2020
$573.5MNov 2021
$626.5MNov 2023
All Events
D Round
May 2025
$300M
Google, Nvidia
C Round
Nov 2023
$53M
Comcast Ventures, Intel Capital
C Round
Aug 2023
$155M
Amnon Shashua, Walden Catalyst Ventures, Samsung Next TLV, Google, b2venture, Pitango Growth, NVIDIA, SCB10x
B Round
Jul 2022
$64M
Ahren Innovation Capital (Lead)
,
Mark Leslie, Amnon Shashua, TPY Capital, Pitango Growth, Walden Catalyst Ventures
B Round
Nov 2021
$20M
Walden Catalyst Ventures (Lead)
A Round
Aug 2021
Undisclosed
Pitango First
A Round
Nov 2020
$25M
Pitango First (Lead)
,
TPY Capital
Seed
Jan 2019
$9.5M
8VC, Amnon Shashua, Pitango First, TPY Capital
AI21 Labs News
42 articles
growth-positive
The AI21 Labs co-founder envisions a future where digital and human employees work side by side.
AI21 Labs, co-founded by Yoav Shoham, is focusing on integrating AI into enterprises, envisioning a future where digital and human employees work collaboratively. Shoham, speaking at a conference, highlighted the rapid advancements in AI technology and the shift towards AI agents that manage complex processes. Despite the excitement around AIs potential to boost productivity, Shoham noted significant challenges in technology reliability and organizational adaptation. He emphasized the importance of product management in bridging technology with market needs. AI21 Labs recently raised $155 million in a Series C funding round, valuing the company at $1.4 billion, indicating strong investor confidence in their vision.
Investment
growth-positive
"If we continue blurring definitions, ignoring challenges, and chasing hype, the term “agent” will lose its meaning before the technology even matures," writes Prof. Yoav Shoham, Co-CEO and Co-Founder of AI21.
The article discusses the current state and future potential of AI agents, emphasizing the need for clear definitions and realistic expectations to avoid disillusionment. Prof. Yoav Shoham, Co-CEO and Co-Founder of AI21, highlights the challenges and opportunities in developing reliable and autonomous AI agents. The article critiques the tendency to overhype basic automation as revolutionary, a phenomenon termed Agentwashing. It stresses the importance of building comprehensive systems around large language models to ensure accuracy and trustworthiness. AI21s Maestro and AWSs AgentCore are cited as examples of efforts to create more sophisticated enterprise agent systems. The article concludes that while the potential for AI agents is enormous, careful development and clear communication protocols are essential for their success.
growth-negative
It is not yet known, according to what the building's residents and tenants have been told, whether the building will need to be demolished.
Following an Iranian missile strike, a mixed-use tower in central Israel, housing residential and commercial spaces, including AI21 Labs, has been evacuated due to severe structural damage. The building, which also hosts high-tech companies and venture capital funds, requires extensive renovation, potentially taking months to a year. The damage has affected critical infrastructure, and the buildings future usability is uncertain. Additionally, there have been security breaches, with equipment theft reported. The incident has significant implications for the tenants, including AI21 Labs, impacting their operations.
growth-negative
וורדטיון, שהושקה ב-2020 כתוסף לדפדפן, הייתה בעבר המוצר המרכזי של החברה הישראלית ■ האפליקציה התבססה על מודל הבינה המלאכותית שפיתחה AI21 Labs וסייעה לשפר ולתקן ניסוחים באנגלית ■ שבעה עובדים יפוטרו
AI21 Labs, an Israeli artificial intelligence company, has decided to cease the development of its Wordtune software, a tool designed to assist with writing improvements. This decision comes five years after Wordtunes initial launch. Although the software will remain available to customers, it will only be maintained without new feature developments or updates. As part of this move, seven employees from the Wordtune team will be laid off. The company has shifted its focus towards AI solutions for enterprises (B2B) rather than end consumers, especially after the rise of tools like ChatGPT. AI21 Labs was founded in 2017 and has raised $336 million, with a valuation of $1.4 billion.
LayoffsProduct Stage
growth-positive
AI21 Labs founder and CEO Prof. Yoav Shoham talks to "Globes" about dubious doomsday predictions, what should really concern us, and what could make Israel a global AI leader.
The article discusses AI21, an Israeli company developing AI technology, particularly the Jamba language model. Despite not being at the top of AI model rankings, AI21 focuses on enterprise solutions rather than public-facing chatbots. The company recently launched the Maestro system to improve AI reliability, marking a strategic direction. AI21 has raised $336 million, emphasizing efficient use of resources over massive funding rounds. The article also touches on AI21s role in Israels national AI strategy and the need for increased investment in AI infrastructure. The discussion includes broader AI industry concerns, such as reliability and the potential societal impact of AI technologies.
Product StageInvestment
AI21 launches Maestro planning and orchestration system
growth-positive
"If 2024 was the year of AI’s transition from hype to practical solutions, then 2025 will be the year of market-shaping regulations, new industry players, and deeper ethical and geopolitical debates," writes Ori Goshen, CEO and co-founder of AI21 Labs.
The article discusses the evolving landscape of artificial intelligence (AI) as highlighted at the World Economic Forum (WEF) 2025. AI21 Labs, led by CEO Ori Goshen, is at the forefront of these discussions, focusing on AI Agents and AI Orchestration. The article emphasizes the shift from AI hype to practical applications, with AI Agents poised to become integral to business operations. The demand for private AI deployments is rising, driven by privacy and security concerns. Geopolitical tensions are also shaping AI development, with differing strategies between Western and Eastern countries. The article underscores the importance of balancing innovation with regulation to ensure AIs positive impact on global economies and governance.
growth-positive
אורי גושן, מייסד AI21: "הבינה המלאכותית תעריך את מורכבות הבעיה — ותתמחר את העבודה בהתאם"
AI21 Labs, an independent AI lab based in Israel, is exploring the potential of collaboration between Israeli technological talent and Gulf state capital to create a regional AI powerhouse. Co-founder and co-CEO Ori Goshen highlights the limitations of large language models like ChatGPT, emphasizing the need for more reliable AI systems. The article discusses the broader implications of AI on employment, with millions of jobs at risk due to automation. The collaboration between Israeli and Gulf entities is seen as a strategic move to harness AIs potential while addressing its challenges. The article underscores the importance of partnerships in advancing AI technology and creating economic opportunities in the region.
Partners
growth-positive
Ori Goshen spoke at Calcalist’s AI conference about how organizations struggle to adopt AI tools due to several factors, including the unreliability of these tools, the high cost of errors, and issues related to data security, and how AI21 Labs latest model addresses these problems.
Ori Goshen, Co-founder and Co-CEO of AI21 Labs, spoke at Calcalist’s AI conference about the challenges organizations face in adopting AI tools, such as unreliability, high error costs, and data security issues. He introduced AI21 Labs new model, Jamba 1.5 large, which addresses these problems with top-tier performance and efficiency, particularly in handling long context windows. AI21 Labs has raised about $336 million and is valued at $1.4 billion. Goshen emphasized the need for new model architectures and sophisticated AI systems to improve AI adoption in enterprises. The Jamba model, launched recently, aims to reduce hallucinations and improve efficiency, making it suitable for organizations with sensitive information.
InvestmentCustomers
growth-positive
AI21 Completes $208M Series C Funding
AI21, an AI systems provider based in Tel Aviv, has raised $208M in a Series C funding round, bringing its total funding to $336M and its valuation to $1.4 billion. The funding round saw participation from Intel Capital and Comcast Ventures. The company plans to use the funds to expand its operations and business reach. AI21 specializes in generative AI and large language models, and its products are used by customers such as Clarivate, an analytics company, and One Zero digital bank.
InvestmentCustomersExpand
growth-positive
בעזרת בינה מלאכותית: האתר שמתרגם עדויות מהמלחמה למגוון שפות
Israeli artificial intelligence company AI21 Labs has announced that it is making its Wordtune application available to public relations bodies. The application is the worlds first reading and writing assistant of its kind, allowing users to recreate and generate text or read and summarize text within seconds. The application is being used free of charge and has been donated to bodies such as the Ministry of Foreign Affairs, IDF Spokesperson and Stand With Us organization. In addition, the companys employees have independently launched a website that documents and translates testimonies from the Iron Sabers war into English.
Customers
growth-positive
AI21 Labs riding GenAI wave with $155 million Series C at $1.4 billion valuation
AI21 Labs, an Israeli startup that offers text-based generative AI services, has raised $155 million in Series C funding at a valuation of $1.4 billion. The funding round was led by investors including Walden Catalyst, Pitango, SCB10X, b2venture, Samsung Next, Google, and Nvidia. This brings the total capital raised by AI21 Labs to $283 million. The company plans to use the funding to fuel its growth and develop the next level of AI with reasoning capabilities across multiple domains. AI21 Labs has collaborations with customers in various sectors, including Carrefour, Clarivate, eBay, Guesty, Monday.com, and Ubisoft. The company currently generates annual revenue of around $50-60 million and employs around 200 people, with plans to hire an additional 100 in the coming year.
InvestmentExpand
growth-positive
חברת ה-AI הישראלית AI21Labs מצליחה איפה ש-OpenAI נכשלה | גיקטיים
Israeli AI company AI21 Labs has launched a new tool, AI Content Detector, designed to identify texts generated by various AI tools. This comes after OpenAI admitted that its own tool for this purpose was not delivering expected results and was subsequently shut down. AI21 Labs tool uses a combination of internal and external models to indicate which parts of a text were generated by AI. It also connects to Wordtune, the companys text editing and generation tool, allowing users to rewrite parts of the text identified as AI-generated.
CustomersExpand
growth-positive
AI21 Labs debuts Contextual Answers, a plug-and-play AI engine for enterprise data
AI21 Labs has launched Contextual Answers, a plug-and-play generative AI engine that can be embedded into digital assets to implement large language model (LLM) technology. The offering allows business employees or customers to gain information through a conversational experience without the need for different teams or software systems. The API is easy to use and does not require significant effort or resources. It works for both structured and unstructured information and is optimized for adapting to internal jargon and acronyms. AI21 Labs plans to integrate the feature into its writing platform Wordtune. The article highlights similar projects by Databricks and Snowflake.
Customers
growth-positive
Clarivate Forms Strategic Partnership with AI21 Labs to Integrate Generative AI for Academic Search
Clarivate has announced a strategic partnership with AI21 Labs to enhance growth with Generative AI for academic conversational search and discovery. The partnership aims to integrate AI21 Labs large language models into Clarivates solutions, providing students, faculty, and researchers with rapid access to comprehensive and personalized information. The collaboration builds on AI21 Labs recent addition to Amazons Bedrock platform. In December last year, AI21 Labs models were integrated into Amazons SageMaker platform.
Partners
growth-positive
AI21 Labs Releases "Human or Not?", A Social Experiment Inspired by the Turing Test
AI21 Labs, an Israeli startup, has released a social Turing game called Human or Not? where players are paired with either a human or a bot to converse and determine if they are speaking to a bot or a human. The game aims to explore the capabilities of AI and stimulate valuable discourse. AI21 Labs plans to use the learnings from the game to produce a research report. The company is focused on transforming the way people read and write using generative AI and has three core products leveraging its NLP technology. The game provides insight into the advancements in AI and its limitations.
Customers
Amazon Bedrock: New Suite of Generative AI Tools Unveiled by AWS
growth-positive
Amazon cranks up AI competition against Microsoft, Google with new cloud tools
Amazon Web Services (AWS) has released a suite of AI technologies called Bedrock, which allows businesses to customize foundation models for chatbots and image-generation services. The service will let customers work with Amazons own proprietary foundation models, as well as models offered by other companies. AWS will use a mix of its own custom AI chips and chips from Nvidia Corp to power the underlying servers. The release of Bedrock positions AWS to compete with Microsoft and Alphabet in the market of selling AI technology to other companies via their cloud operations.
PartnersExpand
growth-positive
AI21 Labs looking to challenge OpenAI in language model race | CTech
AI21 Labs has released Jurassic-2, a customizable language model, and five new APIs to help businesses build applications and services. Jurassic-2 is claimed to be the worlds most advanced language model and offers advanced instruction following capabilities, supports multiple languages, and has reduced latency. The companys Jurassic-2 language model ranks second globally. AI21 Labs also offers three core products: AI21 Studio, Wordtune, and Wordtune Read. The company was founded in 2017 and has raised a total of $118.5 million, including a recent $64 million Series B round.
Expand
growth-positive
AI21 Labs קיימה האקתון בינה מלאכותית עם 1,900 משתתפים
AI21 Labs, a company specializing in artificial intelligence, held its first-ever AI hackathon with over 1,900 participants from around the world. The competition focused on developing applications using AI language models. The winner of the first prize was a project from Canada called WebIndexer, which developed an AI-based tool for finding information through questions rather than keywords. The winner received a cash prize of $2,000, $5,000 for the companys development platform, and SWAG products. The second place was awarded to three different projects from Germany, India, China, and Romania. The competition showcased the potential and innovation of the participants in the field of AI.
Expand
growth-positive
AI21 Labs, co-founded by Amnon Shashua, rolls out AI feature to spice up writing
Israeli startup AI21 Labs has launched a new generative AI-based feature called Wordtune Spices. The feature aims to enhance and improve textual copy by providing suggestions and cues to writers. Unlike other AI models, Spices is integrated into the writing process and gives users control over their writing. The feature offers 12 cues, such as statistics and jokes, to assist writers in creating better content. AI21 Labs, founded in 2017, has already developed text-based applications like recommendation engines and chatbots. The company has raised $64 million in a Series B funding round led by Ahren Innovation Capital Fund.
ExpandInvestment
growth-positive
AI21 Labs Launches Wordtune for iOS, Leveraging the Power of Generative AI to Change the Way We Write on Our Phones
AI21 Labs has launched its Wordtune iOS app, which serves as a personal AI writing assistant for mobile devices. The app helps users rephrase and rewrite sentences, improve grammar, and translate various languages into English. Wordtune for iOS is compatible with all applications and offers both free and premium plans. AI21 Labs is a leader in Natural Language Processing and Generative AI, and Wordtune was created using its own AI model. The Wordtune Chrome extension has millions of users and was selected as one of Googles favorite extensions. The launch of Wordtune for iOS expands the availability of Generative AI technology on mobile devices, enhancing the way people write and communicate on their phones.
Customers
growth-positive
Will machines help us improve our writing skills?
Israeli startup AI21 has developed Wordtune, an AI-powered writing assistant that suggests alternative ways to express thoughts. The company also offers Wordtune Read, which summarizes long or complex texts. AI21 Labs, the parent company, has announced AI21 Studio, a platform that allows developers to embed AI21s natural language processing (NLP) technology into their own apps and products. AI21 Labs has raised $118 million in funding and has been named one of the top 100 most innovative AI startups of 2022. The companys main NLP engine, Jurassic, competes with OpenAIs GPT-3 system and offers a larger vocabulary and the ability to refer questions to third-party engines. AI21 has more than 3 million users for its Wordtune product.
CustomersPartnersInvestmentExpand
growth-positive
OpenAI rival AI21 Labs raises $64M to ramp up its AI-powered language services
AI21 Labs, an Israeli company specializing in AI language models, has raised $64 million in a Series B funding round, bringing its total capital raised to $118.5 million and valuing the company at $664 million. The funding will be used for R&D, developing larger and more sophisticated language models, and recruiting talent. The company has developed a model, Jurassic-1 Jumbo, and built products around it, including an AI-as-a-service platform, AI21 Studio. The company plans to hire around 50 more employees by the end of the year.
InvestmentExpand
growth-positive
This AI model tries to re-create the mind of Ruth Bader Ginsburg
AI21 Labs, an Israeli artificial intelligence company, has created an AI model of late Supreme Court Justice Ruth Bader Ginsburg. The model, called Ask Ruth Bader Ginsburg, is based on 27 years of Ginsburg’s legal writings, news interviews, and public speeches. The company says the AI can predict how Ginsburg would respond to questions. The tool is intended to help the general public understand the progression of AI technology. However, the tool has sparked debate around the ethics of creating technology that replicates human life, particularly when the humans involved aren’t around to offer input.
Customers
growth-positive
AI21 Labs claims it's building the next phase of natural language processing
AI21 Labs has developed a new system called the MRKL system to enhance the power of large language models. The MRKL system, implemented as Jurassic-X, includes different language models augmented with external knowledge sources. AI21 Labs aims to revolutionize how AI processes human speech and make AI a thought partner to humans. The company collaborated with Publicis Groupe to create a better user experience for the new architecture. The MRKL framework addresses the weaknesses in existing mega language models and enables companies to extract information from their databases using free language. AI21 Labs aims to build more accurate AI models and bring real intelligence closer.
Partners
growth-positive
AI21 Labs Unveils New System To Better Assist With Language Models
AI21 Labs has developed a new system called MRKL that uses proprietary databases and real-time information sources to improve language understanding. The first implementation, Jurassic-X, is available on AI21 Studio. Advertising agency Publicis Groupe has partnered with AI21 Labs for Jurassic-X. The company was founded in 2018 and specializes in integrated AI solutions for text interaction. AI21 Labs has raised a total of $54.5M in funding.
PartnersInvestment
growth-positive
AI21 Labs launches AI-based tool that summarizes a document within seconds
Israeli AI startup AI21 Labs has launched Wordtune Read, an AI-based reading companion that helps professionals and students read long and complex text more efficiently. The product analyzes and summarizes documents within seconds, enabling users to read 75% faster. Research shows that employees and students spend almost an hour a day reading for work-related purposes, leading to reading fatigue. Wordtune Read aims to address this issue by summarizing key information from documents, saving users approximately 42 minutes a day. AI21 Labs recently raised $20 million at a $400 million valuation. Users can upload a PDF or copy and paste a link into Wordtune Read to get short snippets that identify and summarize the main themes of the document.
CustomersInvestment
growth-positive
Amnon Shashua's A21 Labs raises $20 million from Walden Catalyst at $400 million valuation
Walden Catalyst, an early-stage venture capital firm, has invested $20 million in Israeli AI startup AI21 Labs. The investment is part of Waldens focus on deep-tech investments. The company also announced the closing of its inaugural $550 million fund, which has already made six investments, including in AI21 Labs and Israeli startup Speedata. The funds investors include leading institutions Silver Lake, GIC, Temasek, and SoftBank, and the CEOs of some of the worlds largest tech corporations.
Investment
growth-positive
Announcing AI21 Studio and Jurassic-1 Language Models
AI21 Labs has launched AI21 Studio, a developer platform that provides instant access to their 178B-parameter language model, Jurassic-1. The platform allows developers to build sophisticated text-based AI applications at scale. Jurassic-1 is the largest and most sophisticated language model ever released for general use by developers, with 178B parameters. AI21 Studio is currently in open beta and offers an API and interactive web environment for querying Jurassic-1. Developers can also train custom versions of Jurassic-1 models with as few as 50-100 training examples. The goal of AI21 Labs is to reimagine the way humans read and write by introducing machines as thought partners. The launch of AI21 Studio aims to democratize access to cutting-edge AI technology.
Expand
growth-positive
הסטארט־אפ שיכתוב בשבילכם את המייל המושלם באנגלית
AI21 Labs, an Israeli start-up co-founded by Yoav Shoham and Ori Goshen, has developed an artificial intelligence (AI) tool called Wordtune that helps users improve their writing. The tool, which is a browser add-on, offers suggestions for rewriting text in Google Docs, Gmail, Facebook and other applications. Wordtune supports English text and can automatically translate and incorporate words in other languages, including Hebrew. The tool is available in a free version or a premium version costing $9.99 per month. AI21 Labs has raised $35m in two funding rounds from investors including Pitango, TPY Capital and private investors Shlomo Kramer and Amnon Shashua.
Investment
growth-positive
Want to improve your email? AI can help
Israeli startup AI21 Labs has developed a Chrome extension called Wordtune that uses artificial intelligence to improve writing. The extension goes beyond simple grammar and spelling corrections and aims to capture the writers intention and improve the overall quality of the text. AI21 Labs, led by cofounder Prof. Yoav Shoham, completed a $25 million funding round. The company employs around 40 people, many of whom are alumni of the prestigious military intelligence Unit 8200. The extension is designed to be a co-writer and assistant, rather than a replacement for human writers.
Expand
growth-positive
AI21 Labs completes $25 million round led by Pitango
Israeli startup AI21 Labs has raised $25 million in a series A funding round led by Pitango First and with participation from TPY Capital. The company, founded in 2018, has developed its first product called Wordtune, a writing companion powered by AI technology. Wordtune aims to help users find the right words by understanding context and meanings. It offers features such as sentence rewriting, finding missing words, and seamless text integration. The basic version of the product is free, with a premium version available for purchase. AI21 Labs plans to use the funding to further invest in product development and research. The company aims to revolutionize the way people write and read, particularly for non-native English speakers.
Investment
growth-positive
A computer edited this story. It may change how you write online
AI21 Labs, an Israeli company, has released a new product called Wordtune that combines high-performance language models with a high-quality consumer product. The product harnesses AI to help users communicate in English, going beyond finding typos and fixing grammatical mistakes. Despite the challenges in transforming breakthroughs in Natural Language Processing (NLP) into finished products, AI21 Labs has managed to create a consumer-friendly solution. The article highlights the progress made in NLP and the potential of machine learning in language processing. The date of the event described in the article is November 17, 2020.
CustomersPartners
growth-positive
This new editing tool automatically suggests improvements to your prose
AI21 Labs, an Israeli startup, has launched an AI-enabled editing tool called Wordtune. The tool can suggest variations of sentences, helping users find the best word to use in a particular circumstance. Wordtune is a free Google Chrome browser extension that can edit sentences in programs like Google Docs, Gmail, and Sheets, as well as within social media sites like Facebook and Twitter. AI21 Labs aims to use AI to transform how people read and write. Wordtune is entering a crowded field of competing writing tools, including Quillbot and Microsoft Words AI-powered sentence rephrasing feature. AI21 Labs has made research breakthroughs in large language models and has developed systems like SenseBERT and Haimke. The companys founders include machine learning researchers and veterans of an elite Israeli military intelligence unit.
Expand
AI21 Labs' Wordtune is a ghostwriter in the machine
growth-positive
This AI-infused writing assistant helps you find the right words
Israeli company AI21 Labs has launched a smart writing tool, Wordtune, which offers alternatives to a users initial attempt at communicating an idea. The tool, available as a Chrome extension, suggests ways to tweak a sentence while retaining its meaning, condense a sentence to its most essential parts, and even change the tone from casual to formal. The extension pops up a small floating toolbar on websites such as Google Docs, Gmail, Twitter, and Facebook. AI21 Labs aims to build a true writing companion that helps users find the words that express an idea most accurately.
Customers
growth-positive
"Understanding language is the next big challenge for AI," says Amnon Shashua
AI21 Labs Ltd., a Tel Aviv-based startup, is developing artificial intelligence-based text generators that can understand and create written text. The companys goal is to transition from a computer that fixes grammar to a computer that can write a whole text. AI21 has built upon Googles BERT algorithm to add the aspect of semantic representation. The company, founded in 2017 by Yoav Shoham and Ori Goshen, has raised $9.5 million in seed funding, mostly from Shoham and Amnon Shashua, the founder and CEO of Mobileye. AI21 plans to launch its first product by the end of the year.
Investment
growth-positive
AI21 Labs Asks: How Much Does It Cost to Train NLP Models? Synced
Israeli research company AI21 Labs has published a paper titled The Cost of Training NLP Models: A Concise Overview that explores the factors affecting the cost of training natural language processing (NLP) models. The study compares different-sized Google BERT language models and estimates the fully-loaded cost of training. The researchers note that training costs can vary drastically due to technical parameters, dataset and model size, and training volume. The paper suggests that the NLP research community should focus on developing more efficient neural network architectures and optimizing for real-world performance rather than leaderboard rankings. The article does not mention any specific partners, customers, valuation amount, layoffs, or acquisition amount. The date of the event described in the article is not provided.
Investment
growth-positive
הבינה המלאכותית תבין בני אדם
AI21, an Israeli company co-founded by Prof. Yoav Shoham, a leading scientist in the field of artificial intelligence, is developing the third generation of artificial intelligence. The company, which employs about 30 people in Tel Aviv, has raised $9.5 million so far. Shoham describes AI21s technology as the next stage in the evolution of artificial intelligence, where computers will understand humans much better. The company has developed a system called Life, which takes a first and last sentence and generates a logical and interesting text throughout. Shoham believes that the next five years will be very significant in the field of AI.
Investment
growth-positive
Israeli AI Research Company Led by Stanford Professor and MobileEye CEO Introduces Model to Solve Text Ambiguity Synced
Israeli research company AI21 Labs has published a paper introducing SenseBERT, a new model that improves lexical disambiguation abilities. The company, founded in 2017, focuses on bridging traditional knowledge representation methods and deep neural networks. SenseBERT is pretrained to predict the actual meanings of words in a given context, using the English language lexical database WordNet. AI21 Labs has also developed a text generation system called HAIM, which offers greater controllability compared to other systems. The company has received funding of $9.5 million from investors including Pitango Ventures and 8VC.
InvestmentExpand
"ההייפ הנוכחי של בינה מלאכותית מיצה את עצמו"
AI21 Labs Team
Employee Info
| Employees (range) | 201-500 |
| Exact count | 246 |
| Team members | 9 |
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Admin Info
| Confidence | 100/100 |
| Missing | video or image, markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515741320 |
| Crunchbase | ai21 |
| Creator | Gilad Lumbroso |
| Creator email | gullumbroso@gmail.com |
| Last updater | Dana Arnon |
| Updater email | dana.arnon@mail.huji.ac.il |
| Last update | 2023-12-14T00:00:00.000Z |
| Created | 2018-02-15T00:00:00.000Z |
| Claimed | Yes |