Nvidia-backed Israeli AI startup AI21 is raising a $300 million funding round

AI21's founders from left to right: Ori Goshen, Amnon Shashua and Yoav Shoham.

Roei Shor

• AI21 is raising a $300 million Series D funding round to build its own LLMs.
• AI21 aims to reduce hallucinations in generative AI, enhancing reliability for companies.
• Investors include Google and Nvidia; customers include Wix and Capgemini.

AI21, an Israeli startup building its own large language models (LLMs), is raising a $300 million Series D funding round, according to a source with knowledge of the deal.