XAI RAISES $20 BILLION TO EXPAND GROK AI MODELS AND ENTERPRISE TOOLS
xAI has successfully closed a $20 billion Series E funding round. The capital will be used to accelerate the development of the company's compute infrastructure. xAI has introduced several business-oriented offerings, including Grok Business, a team plan priced at $30 per seat per month, and Grok Enterprise, which includes Custom SSO and SCIM features. It has also released a Collections API that features built-in RAG, OCR, layout-aware parsing, and more.