Salesforce to Invest in Nvidia Chip Reseller at More Than $1 Billion Valuation

Nvidia’s hot streak with artificial intelligence chips, which have been in high demand globally, is also lifting a slew of companies that resell the chips.

Together AI, a startup that helps AI developers access Nvidia server chips to train and tweak their AI models, is raising more than $100 million in new funding that values the 20-month-old firm at more than $1 billion, doubling its valuation from a funding round four months ago, according to two people with direct knowledge of the deal. Salesforce Ventures plans to lead the round, with participation from hedge fund Coatue Management, one of the people said.