AI21 Labs

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Natural Language Processing Tools?
Foundation Models?
Generative AI Applications?
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AI21 Labs, founded in 2017 by Amnon Shashua, Yoav Shoham, and Ori Goshen in Tel Aviv, Israel, is a leader in generative AI and large language models (LLMs). The company specializes in developing AI systems capable of understanding and generating human-like text. AI21 Labs' flagship product is AI21 Studio, a developer platform that enables businesses to create custom text-based applications using the company's proprietary language models, including the advanced Jurassic-2 model. The Jurassic-2 family of models is offered in three sizes: Large, Grande, and Jumbo, each with a separate instruction-tuned version. These models support multiple languages including English, Spanish, French, German, Portuguese, Italian, and Dutch.

AI21 Labs also offers Wordtune, an AI-based writing assistant that understands context and meaning, allowing users to refine and generate text or summarize content quickly. In August 2023, the company introduced an upgraded version of Wordtune, transforming it into an all-in-one platform with multiple features for generative AI reading, writing, and knowledge control assistance. This enhanced version includes tools for longform editing, work-related templates, proactive AI suggestions, live outlines, and AI question answering.

The company's approach goes beyond standalone models, focusing on building AI systems that are easy to integrate and generate reliable, trustworthy, and accurate results with more refined control. AI21 Labs has also developed five task-specific APIs for common tasks such as paraphrasing, summarizing, text recommendations, grammatical error correction, and text segmentation. These specialized models are designed to be smaller, more accurate, and less prone to hallucinations compared to larger, general-purpose models.


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Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
124 Tel Aviv ISR
Founded year:
2017
Employees:
101-250
IPO status:
Private
Total funding:
USD 326.5 mn
Last Funding:
USD 53.0 mn (Series C; Nov 2023)
Last valuation:
USD 1.4 bn (Nov 2023)
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