AI21 Labs Revenue, Valuation, Funding & Investors

AI21 Labs is valued at $1.4B as of November 2023, a 28.0x multiple on its last reported $50M revenue.

Last AI21 Labs valuation

$1.4B

Series C · Nov 2023

Last AI21 Labs funding round

$300M

Series D · May 2025

AI21 Labs revenue

$50M

Series C · Nov 2023

Key investors in AI21 Labs

AI21 Labs Overview

About AI21 Labs

AI21 Labs is an Israeli developer of generative AI language models like Jurassic-2. Tel Aviv-headquartered, it offers APIs for text generation, summarization, and rewriting via the Semantic Designer tool. The platform powers apps at Forbes and Deutsche Telekom, processing 100 billion tokens monthly. AI21 Labs raised $210 million in funding, employing 100 researchers. Founded in 2017, it focuses on controllable generation for enterprise workflows.


Founded

2017

HQ

IsraelTel Aviv

Website

ai21.com

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based, Subscription

Revenue

$50M (Nov 2023)

Valuation

$1.4B (Nov 2023)

AI21 Labs Valuation

AI21 Labs is currently valued at $1.4B, based on its Series C in November 2023.

The $53M round was led by Comcast Ventures and Intel Capital.

AI21 Labs' valuation has grown 3.5x from $400M at its undisclosed-stage round in November 2021 to $1.4B in November 2023, across 4 priced rounds.

AI21 Labs valuation by funding round

Revenue multiple
AI21 Labs valuation by funding round
DateStageValuationRevenue Multiple
Nov 2023Series C$1.4B28.0x
Aug 2023Series C$1.4B25.9x
Jul 2022Series B$664M33.2x
Nov 2021Undisclosed stage$400M-

AI21 Labs Revenue

AI21 Labs' latest recorded revenue is $50M, as of its Series C in November 2023. At a $1.4B valuation, that implies a 28.0x revenue multiple.

Revenue grew from $20M in July 2022 to $50M in November 2023, while the revenue multiple moved from 33.2x to 28.0x.

AI21 Labs revenue by funding round

AI21 Labs revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Nov 2023$50M$1.4B28.0xSeries C
Aug 2023$54M$1.4B25.9xSeries C
Jul 2022$20M$664M33.2xSeries B

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

AI21 Labs Funding History

AI21 Labs has raised a total of $627M across 6 funding rounds.

AI21 Labs' first fundraising round was a $35M Series A in November 2020. The most recent completed round was a $300M Series D in May 2025.

AI21 Labs funding rounds

AI21 Labs funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2025Series DAlphabet (lead); NVIDIA (lead)$300M-AI21 Labs, an Israeli AI startup founded in 2017, develops large language models (LLMs) like the Jamba series for long-context understanding and enterprise applications, alongside tools such as Wordtune for text editing and AI21 Studio for custom integrations. The company reported a widely publicized $300 million Series D round in 2025 backed by Google and NVIDIA, but this raise was never finalized or closed, leaving the 2023 Series C at $1.4 billion valuation as the last completed round, which included participation from Google, NVIDIA, and others, bringing total raised to $283 million then. The unclosed 2025 round aimed to expand enterprise AI offerings, but AI21 has faced challenges keeping pace with rivals like OpenAI and Anthropic, leading to a pivot from consumer products like Wordtune (halted in April 2025) to enterprise-focused solutions. Key products now include Maestro, a platform improving LLM output quality and agent development by harmonizing data and reducing errors, and new reasoning models claimed to be faster and more memory-efficient. Around the 2025 period, AI21 generated approximately $50 million in annualized revenue, a figure stable since 2023, primarily from its paid Maestro platform and enterprise tools. Meanwhile, by late 2025, NVIDIA entered advanced acquisition talks for AI21 at an estimated $2-3 billion valuation, driven more by its 200-employee expert workforce than technology, amid NVIDIA's Israel expansion plans. Previous investors include Intel Capital, Walden Catalyst, Pitango, SCB10X, Samsung Next, and Comcast Ventures, with total raised reaching $636 million if the unclosed round were counted per some reports. AI21's Jamba models leverage a hybrid transformer-Mamba architecture for faster processing of long prompts.
Nov 2023Series CComcast Ventures (lead); Intel Capital (lead)$53M$1.4BAI21 Labs, a Tel Aviv-based generative AI company founded in 2017 by Yoav Shoham, Ori Goshen, and Amnon Shashua, develops proprietary large language models (LLMs) like Jurassic-2 and applications such as AI21 Studio for enterprises and Wordtune, a writing assistant. The company focuses on enterprise AI systems, ethical AI practices, and tools to enhance productivity, serving Fortune 100 clients including Amazon. On November 21, 2023, AI21 Labs completed its oversubscribed Series C funding round, raising an additional $53 million from new investors Intel Capital and Comcast Ventures, bringing the total Series C to $208 million and cumulative funding to $336 million at a $1.4 billion post-money valuation. Prior investors included Google, Nvidia, Samsung Next, and Ahren Innovation Capital. This extension followed an initial $155 million raise in August 2023. The funding, secured amid regional challenges including war in Israel, will support expansion of enterprise AI solutions, global reliable AI technology deployment, and hiring about 100 more employees, growing from 260. AI21 emphasizes a business-first approach with purpose-built, efficient LLMs tailored to enterprise needs over one-size-fits-all models. Calcalistech estimated AI21's annual revenue at $50-60 million around the round date, with workforce doubling in the past year. Investors praised AI21's full-stack offerings combining foundation models, applications, and operations tools to accelerate generative AI adoption and impact top and bottom lines. AI21 positions itself in the competitive generative AI landscape alongside players like OpenAI, targeting enterprises with custom NLP technologies for communication, creativity, and productivity, while maintaining strong investor confidence in its rapid scaling and specialized expertise.
Aug 2023Series CAmnon Shashua (lead); b2venture (lead); Pitango VC (lead); Samsung NEXT (lead); SCB 10X (lead); Heliad (lead); NVIDIA; Walden Catalyst; Alphabet$155M$1.4BAI21 Labs, a Tel Aviv-based generative AI startup founded by Prof. Amnon Shashua, Prof. Yoav Shoham, and Ori Goshen, develops proprietary large language models (LLMs) like Jurassic-2, powering AI21 Studio—a pay-as-you-go developer platform for custom text-based business apps—and Wordtune, a multilingual AI writing and reading assistant similar to Grammarly. The company announced a $155 million Series C funding round on August 30, 2023, led by Amnon Shashua, b2venture, Pitango VC, Samsung NEXT, and SCB 10X, with participation from Google, NVIDIA, and Walden Catalyst, achieving a post-money valuation of $1.4 billion and unicorn status. This brought total funding to $283 million following a $64 million Series B at $664 million valuation in July 2022. The round supports accelerated R&D for next-level AI with multi-domain reasoning capabilities, workforce expansion from 200 to over 300 employees focused on research and business development, and new enterprise partnerships across tech ecosystems, including Fortune 100 customers like Carrefour, Clarivate, eBay, Guesty, Monday.com, and Ubisoft, plus AWS collaboration. AI21 emphasizes reliable, trustworthy AI with up-to-date training data to address industry challenges in quality and accuracy. In November 2023, the oversubscribed round extended by $53 million to $208 million total, maintaining the $1.4 billion valuation and pushing cumulative funding to $336 million, to advance purpose-built enterprise generative AI solutions amid competition from OpenAI and Anthropic.
Jul 2022Series BAhren Innovation Capital (lead); Mark Leslie; Pitango VC; TPY Capital; Amnon Shashua; Walden Catalyst$64M$664MAI21 Labs, an Israeli startup founded in 2017 by Ori Goshen, Prof. Amnon Shashua, and Prof. Yoav Shoham, develops AI systems to transform how people read and write using advanced natural language processing. Its products include Wordtune, an AI-powered writing assistant competing with Grammarly, and AI21 Studio, a platform for developers to access custom fine-tuned language models via a pay-as-you-go service. The company focuses on large language models like Jurassic-X Jumbo for conversational AI and enterprise applications. On July 12, 2022, AI21 Labs closed a $64 million Series B funding round led by Ahren Innovation Capital, with participation from existing investors including Prof. Amnon Shashua, Walden Catalyst, Pitango, TPY Capital, and Mark Leslie. This round brought the company's total funding to $118 million and established its post-money valuation at $664 million. The capital is earmarked for R&D to build more sophisticated language models, hiring around 50 additional employees to reach 170 by year-end (from 120 at the time), and expanding marketing and sales efforts amid market uncertainty. Ahren highlighted AI21 Labs' unique infrastructure and high-caliber team in a transformative NLP market at an inflection point. The round underscores investor confidence in AI21's differentiated approach amid competition from models like OpenAI's GPT-3. AI21 Labs plans to accelerate global growth and enhance natural language understanding and generation capabilities. Subsequent rounds include a Series C in 2023 valuing the company at $1.4 billion, but details here pertain to the specified Series B.
Nov 2021Undisclosed stageWalden Catalyst (lead)$20M$400M-
Nov 2020Series APitango VC (lead); TPY Capital$35M-AI21 Labs is an Israeli artificial intelligence startup founded in 2018 by veterans of Israel's elite IDF tech unit, including co-founder and Stanford professor Yoav Shoham, Amnon Shashua (founder of Mobileye), and Ori Goshen. The company develops large language models and generative AI systems with a focus on natural language understanding and generation, positioning itself as a competitor to OpenAI and Anthropic. Its flagship product, Wordtune, is an AI-based writing companion that understands context and meaning. On November 19, 2020, AI21 Labs closed a Series A funding round of $34.5 million led by Pitango First, the seed and early-stage investment arm of Israel's largest venture capital fund Pitango. TPY Capital, headquartered in Tel Aviv, also participated in the round. The company indicated the capital would be deployed to advance its AI technology development and build category-defining products in the AI language and writing space. At the time of the Series A, the company had previously raised $9.5 million in seed funding in January 2019; post-money valuation following the Series A was not publicly disclosed. By August 2023, the company had grown significantly, raising an additional $155 million in Series C funding at a $1.4 billion valuation from investors including Google and Nvidia, bringing total capital raised to $283 million.

Who has invested in AI21 Labs?

14 investors have backed AI21 Labs across its funding rounds, including Pitango VC, Walden Catalyst, Alphabet, NVIDIA, TPY Capital and Amnon Shashua.

Lead investors include Alphabet, NVIDIA, Comcast Ventures, Intel Capital, Amnon Shashua and 7 other investors.


AI21 Labs Investors

Investors in AI21 Labs by funding rounds participated
InvestorHQRoundsRoleFirst check
Pitango VCIsraelHerzliya3LeadNov 2020
Walden CatalystUnited StatesSan Francisco, CA3LeadNov 2021
NVIDIAUnited StatesSan Jose, CA2LeadAug 2023
TPY CapitalIsraelTel Aviv2ParticipantNov 2020
Amnon ShashuaIsraelJerusalem2LeadJul 2022
AlphabetUnited StatesSan Francisco, CA2LeadAug 2023
SCB 10XThailandBangkok1LeadAug 2023
Mark LeslieUnited StatesSan Francisco, CA1ParticipantJul 2022
b2ventureGermanyBerlin1LeadAug 2023
Samsung NEXTUnited StatesSan Francisco, CA1LeadAug 2023
Comcast VenturesUnited StatesSan Francisco, CA1LeadNov 2023
HeliadGermanyFrankfurt1LeadAug 2023

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AI21 Labs Competitors

AI21 Labs competitors include listed companies like PCITECH and TRS Information Technology, and private ones like Odyssey, Meshy AI, Axiom Math AI and Hyperscience.

Public and private companies comparable to AI21 Labs
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PCITECHChinaChinaPublicly listed$1.5B$53M$1.4B0.9x
OdysseyUnited StatesSan Francisco, CAPrivate--$1.4B-
Meshy AIUnited StatesSan Jose, CAPrivate$30M-$1.5B50.0x
Axiom Math AIUnited StatesSan Francisco, CAPrivate--$1.6B-
HyperscienceUnited StatesNew York City, NYPrivate--$1.6B-
TRS Information TechnologyChinaChinaPublicly listed$76M($20M)$1.7B19.7x

AI21 Labs Public Comps

AI21 Labs is still privately-owned, but its public comps include PCITECH, BigBear.ai, Fractal Analytics, Arcs Co, Shenzhen Ysstech Info, TRS Information Technology, Optasia, Wenge AI, C3.ai and iFLYHealth.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
PCITECH$1.5B$53M0.8x0.9x24.1x-
BigBear.ai$128M($295M)8.3x7.6x(3.6x)(27.8x)
Fractal Analytics$344M$50M3.7x3.4x25.8x21.0x
Arcs Co$4B$185M0.2x0.2x4.8x4.9x
Shenzhen Ysstech Info$205M$4M7.2x-378.8x-
TRS Information Technology$76M($20M)19.3x19.7x(73.5x)478.8x
Optasia$265M$79M4.3x3.6x14.5x9.1x
Wenge AI$60M($20M)27.6x-(82.7x)-

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Common questions about AI21 Labs

When was AI21 Labs founded?AI21 Labs was founded in 2017.
Where is AI21 Labs headquartered?AI21 Labs is headquartered in Tel Aviv, Israel.
Is AI21 Labs publicly listed?No, AI21 Labs is a private, VC-backed company.
What is AI21 Labs' valuation?AI21 Labs was last valued at $1.4B in its Series C in November 2023.
How much funding has AI21 Labs raised?AI21 Labs has raised $627M across 6 funding rounds.
What was AI21 Labs' last funding round?AI21 Labs' last funding round was a $300M Series D in May 2025, led by Alphabet and NVIDIA.
Who are AI21 Labs' investors?AI21 Labs' investors include Pitango VC, Walden Catalyst, NVIDIA, TPY Capital, Amnon Shashua, Alphabet, SCB 10X, Mark Leslie, b2venture, Samsung NEXT and 4 others.
What is AI21 Labs' revenue?AI21 Labs' latest recorded revenue is $50M (November 2023).
What is AI21 Labs' revenue multiple?AI21 Labs' latest valuation implies a 28.0x revenue multiple ($1.4B valuation on $50M of revenue).
Which companies are comparable to AI21 Labs?Companies comparable to AI21 Labs include PCITECH, Odyssey, Meshy AI, Axiom Math AI, Hyperscience and TRS Information Technology.

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