Predibase Raises $31M in Series B
Predibase has successfully raised $31M in a Series B at a $150M valuation led by Felicis Ventures, Greylock Partners, Workday Ventures.
Company Overview
Predibase is a AI/ML company headquartered in 2100 Geng Road, Palo Alto, CA 94303, founded in 2021 with 60+ employees.
Low-code ML platform
Fundraising Details
- Amount Raised: $31M
- Round Type: Series B
- Valuation: $150M
- Date: 2024-06-12
- Investors: Felicis Ventures, Greylock Partners, Workday Ventures
About Predibase
Low-code ML platform The company is positioned in the AI/ML sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 2100 Geng Road, Palo Alto, CA 94303
- Founded: 2021
- Team Size: 60+
- Industry: AI/ML
What This Means
This funding round demonstrates strong investor confidence in Predibase'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 AI/ML sector continues to attract significant investment as companies innovate to meet evolving market demands. Predibase's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $150M valuation marks an important milestone for Predibase, positioning the company among notable players in the AI/ML industry.
Looking Ahead
With this new capital, Predibase is well-positioned to execute on its growth strategy and continue building innovative solutions in the AI/ML 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 2024-06-12. For more information about Predibase, visit their headquarters at 2100 Geng Road, Palo Alto, CA 94303.
