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§ Private Profile · Tel Aviv, Israel
An AI company developing large language models and generative AI applications like Wordtune for developers and enterprise clients.
AI21 Labs is a Tel Aviv, Israel-based artificial intelligence company that develops proprietary large language models and enterprise productivity applications. The organization builds foundation models like the Jamba series and operates Wordtune, a reading and writing assistant software utilized by several million users. Operating on a software-as-a-service model, the company generates revenue through premium consumer subscriptions, API usage fees, and enterprise licensing for corporate clients such as Wix and Capgemini. Employing a workforce of approximately 200 people, AI21 Labs reached a $1.4 billion valuation after securing a $208 million Series C funding round, bringing its total venture capital raised to $336 million. This financial backing was provided by a syndicate of prominent technology investors including Nvidia, Google, and Intel Capital. The company was founded in 2017 by Amnon Shashua, Yoav Shoham, and Ori Goshen.
AI21 Labs has raised $312.0M across 4 funding rounds.
AI21 Labs has raised $312.0M in total across 4 funding rounds.
AI21 Labs is an Israeli applied research lab and generative AI company specializing in enterprise-grade foundation models and AI systems. It builds two main product lines: Wordtune, a B2C AI writing and reading assistant that refines text, generates content, and summarizes documents with contextual understanding, and foundational large language models (LLMs) like Jamba and Jurassic-2 for B2B enterprise use, optimized for long-context processing, low latency, fast inference, and open weights.[1][2][3][4][5] These solutions serve enterprises in finance, law, healthcare, retail, and more—customers include Boston Consulting Group, Bain & Company, Moderna, Amgen, Gates Foundation, JetBlue, and Booking.com—solving problems like accurate question answering, document summarization, RAG workflows, and agentic automation via tools like Maestro, which launched in March 2025 for reliable, traceable workflows.[1][2][6][7][8] With over 200 employees and $336 million raised (including a $208 million Series C in 2023), AI21 drives superproductivity through trustworthy, customizable AI that outperforms competitors in accuracy and efficiency at lower costs.[2][3][4]
AI21 Labs was founded in 2017 in Tel Aviv, Israel, by three AI pioneers: Professor Amnon Shashua (founder and CEO of Mobileye), Professor Yoav Shoham (Stanford Emeritus and former Google Principal Scientist), and Ori Goshen (serial entrepreneur and CrowdX founder).[1][2][3] The idea emerged from their expertise in natural language processing (NLP) to create reliable AI systems as "thought partners" for humans, addressing gaps in generative AI's trustworthiness for enterprise use.[3][5] Early traction came in 2019 with a $9.5 million seed round, followed by the October 2020 launch of Wordtune—named a Google favorite extension in 2021—and AI21 Studio plus Jurassic-1 in August 2021, marking its shift to scalable LLMs.[4][5] Pivotal moments include the Jurassic-2 family and Jamba models, solidifying its enterprise focus amid the generative AI boom.[1][2]
AI21 Labs rides the enterprise AI wave, capitalizing on generative AI's shift from hype to production-grade reliability amid rising demands for agentic systems and long-context processing in data-intensive workflows.[1][3][8] Timing is ideal post-2023 AI boom, as regulations and error aversion in finance, healthcare, and law favor its trustworthy, low-latency models over generalists—outperforming rivals in accuracy while targeting Europe/Israel-heavy bases.[1][2] Market forces like compute efficiency needs and RAG adoption boost it, with integrations on AWS Bedrock and Google Cloud amplifying reach; it influences the ecosystem by pioneering open-weight enterprise models and tools like Maestro, enabling "superproductivity" and setting standards for traceable AI in high-stakes apps.[6][7][8][9]
AI21 Labs is poised to dominate niche enterprise AI, expanding Maestro and Jamba for agentic futures while fine-tuning for verticals like fintech and edtech. Trends like multimodal agents, stricter compliance, and edge inference will propel growth, potentially via partnerships or acquisitions. Its influence may evolve from innovator to infrastructure layer, powering workflows as AI embeds deeper in business—cementing its role as the reliable alternative in a trustworthiness-first era, much like its founders redefined autonomy at Mobileye.[1][2][3][6]
AI21 Labs has raised $312.0M across 4 funding rounds. Most recently, it raised $53.0M Series C in November 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 1, 2023 | $53M Series C | Intel Capital, Allison Goldberg | Inventus Capital Partners, SteelSky Ventures, Texas Venture Alliance, Chuck Feerick, Amnon Shashua | Announced |
| Aug 1, 2023 | $160M Series C | Pitango Venture Capital, Btov Partners, Samsung Next, SCB 10X, Walden Catalyst | Insight Partners, MoreVC, Amnon Shashua, Google, Jensen Huang | Announced |
| Jul 1, 2022 | $64M Series B | Ahren Innovation Capital | Alumni Ventures, Future Ventures, Insight Partners, MoreVC, Pitango Venture Capital, SOSV, Amnon Shashua, Mark Leslie, TPY Capital, Walden Catalyst | Announced |
| Nov 1, 2020 | $35M Series A | Pitango Venture Capital | Insight Partners, MoreVC, TPY Capital | Announced |
AI21 Labs has raised $312.0M in total across 4 funding rounds.
AI21 Labs's investors include Intel Capital, Allison Goldberg, Inventus Capital Partners, SteelSky Ventures, Texas Venture Alliance, Chuck Feerick, Amnon Shashua, Pitango Venture Capital, btov Partners, Samsung Next, SCB 10X, Walden Catalyst.