AI21 Labs Raises $64 Million

Natural language processing (NLP) AI startup AI21 Labs has raised $64 million in a funding round to continue building custom conversational AI assistants based on its Jurassic-X Jumbo language model.

"We completed this round during a period of market uncertainty, which highlights the confidence our investors have in AI21's vision to change the way people consume and produce information," AI21 Labs Co-CEO Ori Goshen said in a statement. "The funding will allow us to accelerate the company’s global growth, while continuing to develop advanced technology in the field of natural language processing. We are looking forward to growing our team and our offerings."