AI21 Labs - About the company
AI21 Labs is a series C company based in Tel Aviv (Israel), founded in 2017 by and . It operates as a Provider of AI focused writing and reading assistants. AI21 Labs has raised $336M in funding from investors like Pitango, Walden Catalyst and Samsung NEXT, with a current valuation of $1.4B. The company has 838 active competitors, including 164 funded and 76 that have exited. Its top competitors include companies like Primer, Elastic and Radius.
Sectors and market segments that AI21 Labs operate in
AI21 Labs serves in the B2C, B2B, SaaS space in the High Tech market segments.The primary business model of AI21 Labs are:Company Details
Provider of AI focused writing and reading assistants. It provides users with AI systems with a high capacity to understand and generate natural language. Its product WordTune also uses AI to give suggestions for rewriting texts.
- Website
- Social
- Email ID
- @ai21.com
Key Metrics
Founded Year
2017
Location
Tel Aviv, Israel
Stage
Series C
Total Funding
in 6 rounds
Latest Funding Round
Post Money Valuation
as on Aug 31, 2023
Investors
Ranked
12th among 838 active competitors
Similar Companies
&
Legal entities associated with AI21 Labs
AI21 Labs is associated with 2 legal entities given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Nov 07, 2017 | - | 895 | 627 | |
Jul 04, 2021 | $303K (as on Jul 31, 2023) | 906 | 481 |
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AI21 Labs's funding and investors
AI21 Labs has raised a total funding of $336M over 6 rounds. Its first funding round was on 2019. Its latest funding round was a Series C round on Nov 21, 2023 for $53M. 2 investors participated in its latest round, which includes Walden Catalyst, Google, Matthias Hilpert and Heliad.
AI21 Labs has 14 institutional investors including Pitango, Walden Catalyst and Samsung NEXT. There are 2 Angel Investors in AI21 Labs.
Here is the list of recent funding rounds of AI21 Labs:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Nov 21, 2023 | $53M | Series C | - | - | |
Aug 30, 2023 | $155M | Series C | $1.4B | - | |
Jul 13, 2022 | $64M | Series B | - | - |
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AI21 Labs's founders and board of directors
The founders of AI21 Labs are and . and are the CEO of AI21 Labs. has founded 4 more companies including , Wordtune and . has founded 2 more companies - and Wordtune.
View details of AI21 Labs's Founder profiles and Board Members
AI21 Labs's Competitors and alternates
Top competitors of AI21 Labs include Primer, Elastic and Radius. Here is the list of Top 10 competitors of AI21 Labs, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st |  Primer 2015, San Francisco (United States), Series D | AI based text summarization and contextualization software tool | $237M | AME Cloud Ventures, Crumpton VenturesÌý&²¹³¾±è;Ìý | 74/100 |
2nd | Elastic 2012, Mountain View (United States), Public | Cloud based text analytics platform | $104M | Sunrise Ventures, ADS VenturesÌý&²¹³¾±è;Ìý | 73/100 |
3rd |  Radius 1990, San Francisco (United States), Acquired | Predictive marketing and sales platform | $333M | Inflexion, AME Cloud VenturesÌý&²¹³¾±è;Ìý | 70/100 |
4th | AI powered text data analytics platform for enterprises | $970M | SentinelOne, CiscoÌý&²¹³¾±è;Ìý | 68/100 | |
5th | Meltwater 2001, San Francisco (United States), Acquired | Cloud based suite of marketing solutions | - | Founder Partners, VerdaneÌý&²¹³¾±è;Ìý | 67/100 |
6th | Cloud based platform offering enterprise text analytics solutions | $342M | Elliott Management, OMERSÌý&²¹³¾±è;Ìý | 67/100 | |
7th |  Glean 2019, Palo Alto (United States), Series E | Cloud-based platform for enterprise search | $615M | Workday, SoftBank GroupÌý&²¹³¾±è;Ìý | 66/100 |
8th | Eigen Technologies 2014, London (United Kingdom), Acquired | AI based solutions to extract data from documents | $60M | Goldman Sachs, Sony Innovation FundÌý&²¹³¾±è;Ìý | 65/100 |
9th | Adarga 2016, London (United Kingdom), Series B | Platform offering AI powered text analytics solutions | $26.2M | Rathbone Brothers, Ìý&²¹³¾±è;Ìý | 64/100 |
10th | Lucidworks 2007, San Francisco (United States), Series F | Provider of a platform for cognitive search | $218M | AllegisCyber Capital, Sixth StreetÌý&²¹³¾±è;Ìý | 61/100 |
12th |  2017, Tel Aviv (Israel), Series C | Provider of AI focused writing and reading assistants | $336M | Walden Catalyst, GoogleÌý&²¹³¾±è;Ìý | 59/100 |
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AI21 Labs's Investments and acquisitions
AI21 Labs has made no investments or acquisitions yet.
Reports related to AI21 Labs
Here is the latest report on AI21 Labs's sector:
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News related to AI21 Labs
Media has covered AI21 Labs for a total of 10 events in the last 1 year, 6 of them have been about company updates and 3 about partnerships.
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SDxCentral•Mar 11, 2025•AI21 Labs
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AiThority•Mar 06, 2025•AI21 Labs
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VentureBeat•Aug 22, 2024•AI21 Labs
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PR Newswire•Jun 26, 2024•AI21 Labs
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AiThority•Jun 18, 2024•AI21 Labs
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PR Newswire•May 22, 2024•AI21 Labs,
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Maginative•May 02, 2024•AI21 Labs
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Frequently asked questions about AI21 Labs
When was AI21 Labs founded?
AI21 Labs was founded in 2017.Where is AI21 Labs located?
AI21 Labs is located in Tel Aviv, Israel.Is AI21 Labs a funded company?
AI21 Labs is a funded company, its first funding round was on 2019.When was the latest funding round of AI21 Labs?
AI21 Labs's latest funding round was on Nov 21, 2023.How much is AI21 Labs worth?
The latest valuation of AI21 Labs is $1.4B as on Aug 31, 2023.What is the annual revenue of AI21 Labs?
Annual revenue of AI21 Labs is undefined as on undefined.Is AI21 Labs a Natural Language Processing company?
The primary sectors of AI21 Labs are Natural Language Processing, AI Infrastructure, Generative AI and Big Data Analytics.Our Lite Plan Awaits you - Its Free!
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