Chroma Raises $18M in Series A
Chroma has successfully raised $18M in a Series A at a $75M valuation led by Astasia Myers, Quiet Capital, Naval Ravikant.
Company Overview
Chroma is a Database company headquartered in 548 Market Street, San Francisco, CA 94104, founded in 2022 with 30+ employees.
AI-native open-source embedding database
Fundraising Details
- Amount Raised: $18M
- Round Type: Series A
- Valuation: $75M
- Date: 2024-03-29
- Investors: Astasia Myers, Quiet Capital, Naval Ravikant
About Chroma
AI-native open-source embedding database The company is positioned in the Database sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 548 Market Street, San Francisco, CA 94104
- Founded: 2022
- Team Size: 30+
- Industry: Database
What This Means
This funding round demonstrates strong investor confidence in Chroma's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Database sector continues to attract significant investment as companies innovate to meet evolving market demands. Chroma's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $75M valuation marks an important milestone for Chroma, positioning the company among notable players in the Database industry.
Looking Ahead
With this new capital, Chroma is well-positioned to execute on its growth strategy and continue building innovative solutions in the Database space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-03-29. For more information about Chroma, visit their headquarters at 548 Market Street, San Francisco, CA 94104.
