Anyscale, a San Francisco CA-based provider of a platform to simplify scaling and productionizing of AI applications, raised $100M in Series C funding.
The round, which valued the company at $1 billion and brought total financing to $160m, was led by Andreessen Horowitz and Addition with participation from existing investors NEA, Intel Capital and Foundation Capital.
The company intends to use the funds to expand operations and accelerate growth.
Led by Robert Nishihara, CEO, Anyscale is the company behind Ray, a platform enabling instant scaling of AI applications. It combines the end-to-end AI lifecycle on a single scalable compute platform. With a large ecosystem of distributed machine learning libraries, Ray, an open source project in distributed AI with 18,000 GitHub stars, allows developers to scale everything from data ingestion, to model training, to hyperparameter tuning, to model deployment. It is used by thousands of organizations globally, including Amazon, Ant Group, LinkedIn, Shopify, Uber and Visa.
FinSMEs
09/12/2021