AI21 Labs Company Research Report
1. Company Overview
Name and Mission
- Name: AI21 Labs
- Mission: AI21 Labs builds Foundation Models and AI Systems for the enterprise that accelerate the use of GenAI in production. Their mission is to bridge the gap between cutting-edge research and enterprise-ready AI systems.
Founding Details
- Founded: 2017
- Founders:
- Amnon Shashua (Founder and CEO of Mobileye)
- Ori Goshen (Founder of CrowdX)
- Yoav Shoham (Professor Emeritus at Stanford University and former Principal Scientist at Google)
Key Personnel
- Chairman & Co-Founder: Amnon Shashua
- Co-CEO & Co-Founder: Ori Goshen
- Co-CEO & Co-Founder: Yoav Shoham
- First Independent Board Member: Former Ambassador Tom Nides
- Chief AI Policy Officer: Shanen Boettcher
Headquarters
- Location: No information is available.
Number of Employees
- Employees: No information is available.
Revenue
- Revenue: No information is available.
Core Competency
- Known for: AI21 Labs is recognized for its groundbreaking language models and AI systems which serve as thought partners for enterprises. The company is known for models that power applications for enterprise use, such as Wordtune and other AI models that facilitate communication and decision-making.
2. Products
Product Offerings
1. Wordtune
- Description: An AI writing companion that helps users rephrase sentences for clarity and engagement.
- Key Features: Intuitive sentence suggestions, tone adjustments, and provides alternative phrasings.
2. Jamba
- Description: A production-grade model based on a hybrid SSM-Transformer architecture.
- Key Features: Offers long-context comprehension, high-quality language processing performance, open-source accessibility, and integrates with various platforms like Snowflake and Amazon Bedrock.
3. AI21 Foundation Models
- Description: A suite of proprietary AI models developed for various applications such as contextual answers and task-specific outputs.
- Key Features: Offers reliable, generative AI grounded in enterprise data, end-to-end security, and flexible deployment options including SaaS and private VPC.
4. Contextual Answers API
- Description: Provides cited answers fully grounded on enterprise data for contextual customer interactions.
- Key Features: Reduces AI hallucinations, enhances the accuracy of enterprise-specific queries, offers high-quality, cited responses seamlessly indexed into customer data systems.
3. Recent Developments
New Products or Features
- Jamba 1.5: Launched for enhanced agentic AI capabilities, providing efficient long-context processing.
- Wordtune Spices: A feature designed to further assist writers by enhancing creative writing processes.
Partnerships and Collaborations
- Strategic Partnership with Amazon: To offer AI21’s top-performing foundation models on widely-used Amazon platforms.
- Collaboration with Snowflake: AI21 models integrated into the Snowflake Cortex AI platform for streamlined data processing and AI deployment.
- Partnership with Dataiku: Introduced AI21 models to the Dataiku ecosystem to enhance data analysis and AI project development.
Funding and Investments
- Series C Funding of $208 Million: Achieved a $1.4 billion valuation to accelerate AI advancements and market reach.
Other Developments
- SOC 2 Compliance: Achieved SOC 2 compliance ensuring top-tier security and privacy standards.
- Integration with BigQuery and Google Cloud Marketplace: Expanded accessibility options for enterprise customers to utilize AI21 models.
No additional information is provided for fields not covered in this report.
