DAMAC Capital
501, 5th Floor, Al Moosa Tower 2, Sheikh Zayed Road, Dubai, United Arab Emirates
Overview
DAMAC Capital is part of the DAMAC Group, focusing on investments in emerging markets, particularly in tech, finance, and life sciences for social impact. The firm aims to partner with experienced entrepreneurs to foster startups that have regional and global impact.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Business Development
- Finance
- Financial Services
Investment portfolio
- Together AI
Participated · Series B · Feb 2025
Together AI is an AI neocloud founded in 2022 that offers AI-specific infrastructure and tooling to support deployment and usage of open-source models. The company says its platform has driven a tripling of open-source model usage across the industry and reports thousands of paying customers, including Cursor, Cognition, and Decagon. Financially, Together AI reported annual bookings of over $1.15 billion as of its last quarter. Its team includes co-founders Vipul Ved Prakash, Percy Liang, and Ce Zhang. Together AI has raised multiple rounds to date, including a $102.5 million Series A in 2023 and a $305 million Series B about 16 months before this Series C. The company operates amid strong VC interest in neocloud providers and infrastructure for AI model deployment.
Team
No current team members are available.