AI21 Labs is an Israeli-based generative AI startup that focuses on developing cutting-edge NLP and ML technologies.
- The company’s mission is to create reliable and trustworthy AI systems that can help people read and write more effectively.
- AI21 Labs’ technology is based on a unique combination of deep learning, natural language processing, and computer vision techniques.
Core Products
AI21 Labs has developed several core products that are designed to help people read and write more effectively. These products include:
- Wordtune: A writing assistant that uses AI to suggest alternative phrasing for sentences.
- Quickhelp: A tool that provides instant feedback on grammar, spelling, and punctuation errors.
- DeepScribe: A tool that uses AI to transcribe audio recordings into text.
Funding Information
AI21 Labs has raised a total of $283 million in funding over 7 rounds.
- The most recent funding round was a Series C that raised $155 million on August 30, 2023, at a valuation of $1.4 billion.
- The company’s investors include Samsung NEXT, Walden Catalyst, Google, NVIDIA, and others.
Founders
AI21 Labs was founded by Amnon Shashua, Yoav Shoham, and Ori Goshen in 2017.
- Amnon Shashua is also the co-founder and CEO of Mobileye, an Israeli technology company that develops vision-based advanced driver-assistance systems (ADAS) providing warnings for collision prevention and mitigation.
- Yoav Shoham is a professor emeritus at Stanford University and co-founder of Katango. Ori Goshen is the former CEO of Celltick Technologies.
