Total amount raised
$259 Millions
Latest funding date
Location
Anyscale has successfully raised significant funding through multiple rounds, including a Series C round, with backing from prominent investors such as Andreessen Horowitz and NEA. The platform accelerates the development and productionization of AI applications, leveraging the power of Ray, an open-source project in distributed AI.
Keep reading to explore the intricacies of Anyscale's fundraising journey and the investors backing this innovative platform.
What Is Anyscale?
Anyscale, founded in 2019, is based in San Francisco, California. The company was established by Ion Stoica, Michael I. Jordan, Philipp Moritz, and Robert Nishihara.
Specializing in AI, Anyscale accelerates the development and productionization of AI applications on any cloud at any scale. Their platform leverages Ray, an open-source project in distributed AI, to enable seamless scaling from a laptop to the cloud.
With a team of 101-250 employees, Anyscale provides advanced AI solutions that optimize performance, lower costs, and offer robust tooling for AI/ML developers.
How Much Funding Has Anyscale Raised?
- Series A
- Amount Raised: $20M
- Date: December 2019
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop the initial version of the Anyscale platform.
- Series B
- Amount Raised: $40M
- Date: October 2020
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and expand the team to meet growing demand.
- Series C
- Amount Raised: $100M
- Date: December 2021
- Lead Investors: Addition, Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the development and adoption of the Ray framework and Anyscale platform.
- Series C (Additional)
- Amount Raised: $99M
- Date: August 2022
- Lead Investors: Addition, Intel Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the Anyscale platform and support the scaling of machine learning and Python workloads.
Total Amount Raised: $259M. Current Valuation: Not publicly disclosed.
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz is a venture capital firm based in Silicon Valley, known for its investments in technology companies. It was founded by Marc Andreessen and Ben Horowitz in 2009.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Facebook, Airbnb, GitHub.
- New Enterprise Associates (NEA)
- Details: NEA is one of the world's largest venture capital firms, with a focus on technology and healthcare investments. It was founded in 1977 and has offices in the United States and China.
- Investment Focus Areas: Technology, healthcare, energy.
- Notable Investments: Coursera, Robinhood, Salesforce.
- Addition
- Details: Addition is a venture capital firm that invests in early and growth-stage companies. It was founded by Lee Fixel, a former partner at Tiger Global Management.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Stripe, Coinbase, Robinhood.
- Intel Capital
- Details: Intel Capital is the investment arm of Intel Corporation, focusing on technology startups. It was established in 1991 and has invested in over 1,500 companies worldwide.
- Investment Focus Areas: AI, cloud computing, data analytics.
- Notable Investments: Red Hat, VMware, Cloudera.
- Foundation Capital
- Details: Foundation Capital is a venture capital firm that invests in early-stage technology companies. It was founded in 1995 and is based in Silicon Valley.
- Investment Focus Areas: Technology, consumer sectors.
- Notable Investments: Netflix, LendingClub, Sunrun.
What's Next for Anyscale?
As Anyscale continues to innovate with Ray 2.0 and its enterprise-ready platform, the opportunities for growth are immense. The company is well-positioned to capitalize on the increasing demand for scalable AI and machine learning solutions, particularly as more enterprises seek to manage complex computational requirements. Collaborations with tech giants like Microsoft and Bytedance further enhance its market potential.
Future fundraising seems promising, with strong backing from investors like Addition and Intel Capital. This financial support will be crucial as Anyscale aims to expand its platform and user base. However, the company will need to navigate challenges such as competition from other scalable computing frameworks and ensuring seamless integration with various ML tools.
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