The startup, which sources say is raising at a $1.1 billion valuation, helps developers at companies like Klarna and Rippling use off-the-shelf AI models to create new applications.
whose AI software helps developers build applications using models like OpenAI’s GPT-4, has raised $100 million in funding at a $1.1 billion valuation, four sources familiar with the deal toldrequest for comment. IVP declined to comment.that helped engineers quickly spin up AI-powered apps with as little as a few dozen lines of code. The platform has been used to build generative AI-based tools that can do everything from legal document review to retail refund processing.
The company’s first product LangSmith helps developers evaluate, monitor and debug code, helping businesses quickly ship products while ensuring the models perform accurately and provide relevant answers. It is used by some 40,000 teams at tech giants like Uber and LinkedIn as well as buzzy AI startups like Mercor and Lovable. In early 2024, the company introduced a new tool called LangGraph to help businesses build AI “agents” capable of performing specific tasks on their own.
The round follows a $20 million Series A round in February 2024 led by Sequoia at a $200 million valuation. Langchain’s other backers include top VCs like Benchmark, Conviction and Lux Capital. As more AI startups dedicate resources to creating apps or features that target sectors like healthcare, engineering or finance, LangChain is well positioned to sell its suite of tools to developers. But it’ll have to watch out for AI coding tools like Cursor and Windsurf and website development apps like Lovable that help companies save time and money while automating the process of integrating AI into everything they do.
Langchain Harrison Chase Ankush Goyal App Development Generative AI Startup Fundraise
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Scientists raise questions about startup's plan to save the oceanA startup called Gigablue claims to have reached a milestone by selling 200,000 carbon credits for its ocean-based carbon capture technology. The company says its patented particles grow algae that trap carbon dioxide, which then sinks to the ocean floor.
Read more »
As some school districts start in July, families raise concerns about heatElenee Dao joined ABC15 in August 2022 as a multimedia journalist.
Read more »
Bryan Danielson talks hometown start, Seahawks, and how to talk smackFrank Sumrall is a content editor for MyNorthwest originally from the North Bay in California.
Read more »
Forex Today: Cautious start to week as markets focus on US tariff talksHere is what you need to know on Monday, July 7:
Read more »
BoJ’s Ueda: Will raise rates if we have enough confidence that underlying inflation nears 2%Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday, “we will raise interest rates if we have enough confidence that underlying inflation nears 2% or moves around 2%.”
Read more »
City-County Councilors raise concerns about Hogsett investigation omissionsNico Pennisi joined WRTV in October 2022.
Read more »