
CosmicTaco
LangChain Nears $1B Valuation in New Funding
- LangChain, an AI infrastructure startup, is raising funds at a $1 billion valuation led by IVP.
- Founded by Harrison Chase, it transitioned from an open-source project to a startup in late 2022.
- The company initially solved key LLM limitations with its open-source code, gaining massive popularity on GitHub.
- Competition in the LLM space has intensified with new startups and enhanced capabilities from major players.
- LangChain introduced LangSmith, boosting its ARR to $12-16 million, offering tools for LLM observability and monitoring.
Source: Tech Crunch
1mo ago
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