AI21 Labs

AI21 Labs is an Israeli company specializing in Natural Language Processing (NLP), which develops AI systems that can understand and generate natural language.

History
AI21 Labs was founded in November 2017 by Yoav Shoham, Ori Goshen, and Amnon Shashua in Tel Aviv, Israel.

In January 2019, the company raised $9.5 million from investors in a seed funding round. On October 27, 2020, AI21 Labs launched its first product, Wordtune, an AI-based writing assistant that understands context and can suggest paraphrases and rewrites. Google named Wordtune one of its favorite extensions of 2021. In August 2021, the company launched AI21 Studio. In the same month, Jurassic-1, a natural language processing system, was launched with a token vocabulary over 250,000.

In November 2021, Walden Catalyst announced an investment of $20 Million in AI21 Labs. Later that month, AI21 Labs completed a $25 million series A round led by Pitango First. In July 2022, the company raised $64 million in a series B funding round led by Ahren with the participation of prof. Amnon Shashua, Walden Catalyst, Pitango, TPY Capital, and Mark Leslie.

On January 17, 2023, AI21 Labs announced the launch of Wordtune Spices, a generative AI tool that generates a range of text options that can enhance sentences.

On March 9, 2023, the company announced the release of Jurassic-2, claiming it has better response times, understands more languages, and features advanced instruction following.

On August 31, 2023, the company announced the closing of $155 million Series C financing round. Investors include previous participants, alongside new ones such as Google and Nvidia.

On March 29, 2024 the company released the Jamba (language model) - an open weights large language model built on a hybrid Mamba SSM transformer using mixture of experts with up to 256k context.