In a significant boost for AI technology, Tel Aviv-based AI21 has secured $208M in a Series C funding round. This impressive investment propels the enterprise AI systems provider to a $1.4 billion valuation, accumulating a total funding of $336M. Major industry players such as Intel Capital and Comcast Ventures have contributed to this round.

AI21 aims to leverage these funds to scale up their operations and enhance their business outreach, marking an essential step in their growth strategy.