✦ AI AI Company Comparison

OpenAI vs Together AI — IPO & Funding Comparison

Side-by-side IPO readiness, funding history, and valuation comparison. Data sourced by TechStackIPO.

⚠️
Some data on this page may be outdated. We're verifying.
Data for OpenAI last verified: Jun 22, 2026. Data for Together AI last verified: Jun 23, 2026.
Metric OpenAI Together AI
Valuation$920.0B$3.3B
Total Funding$65.4B$1.18B
IPO StatusPrivatePre-IPO
SectorArtificial IntelligenceArtificial Intelligence
StagePre-IPOSeries E
HeadquartersSan Francisco, CASan Francisco, CA
CEOSam AltmanVipul Ved Prakash
The IPO Stack Newsletter

Get Tuesday's IPO moves + one deep-dive in your inbox

Scores, valuations, and signals for OpenAI, Together AI, and 370+ companies. 5-min read every Tuesday.

OpenAI

OpenAI is valued at $920B — the world's most valuable AI company, backed by over $65B in funding. The company recently restructured as a Public Benefit Corporation to support its mission of developing safe AGI.

IndustryArtificial Intelligence
StagePre-IPO
IPO StatusPrivate
Valuation$920.0B
Total Funding$65.4B
HeadquartersSan Francisco, CA

Together AI

Together AI operates the AI Acceleration Cloud enabling companies to train and run inference on open-source AI models — DeepSeek, Llama, Mistral — on high-performance GPU clusters. Valued at $3.3B with $534M raised, Together AI hit $300M ARR by September 2025 and serves Fortune 100 clients alongside fast-growing AI startups. Major AI infrastructure IPO candidate competing with CoreWeave and AWS for the $100B+ GPU cloud market.

IndustryArtificial Intelligence
StageSeries E
IPO StatusPre-IPO
Valuation$3.3B
Total Funding$1.18B
HeadquartersSan Francisco, CA

Get the Full Report on Any Company — One-Time $19

Complete funding history, cap table, S-1 analysis, and investor breakdown for any company. Instant PDF download.

Get All 375+ Reports — $49/mo

Or buy any single company report for $19

Frequently Asked Questions

What are the valuations of OpenAI and Together AI? +

OpenAI is valued at $920.0B. Together AI is valued at $3.3B. Both valuations are based on the most recent private funding rounds tracked by TechStackIPO.

How much has each company raised? +

OpenAI has raised $65.4B. Together AI has raised $1.18B.

What is the IPO status of OpenAI and Together AI? +

OpenAI is currently private. Together AI is currently pre-IPO. Track both on TechStackIPO for S-1 filings and IPO announcements.

Are OpenAI and Together AI in the same sector? +

OpenAI operates in Artificial Intelligence, while Together AI operates in Artificial Intelligence.

What are the main differences between OpenAI and Together AI? +

OpenAI is a Artificial Intelligence company valued at $920.0B with $65.4B raised. Together AI is a Artificial Intelligence company valued at $3.3B with $1.18B raised. See TechStackIPO's full side-by-side comparison for IPO readiness scores, funding timelines, and investor data.

How can I invest in OpenAI or Together AI before their IPO? +

Accredited investors can access pre-IPO shares in OpenAI and Together AI through secondary market platforms, pre-IPO funds, and broker-dealer platforms that facilitate private company transactions. TechStackIPO's marketplace section tracks available access options for both companies. Pre-IPO investments carry higher risk and limited liquidity.