Weights & Biases Raises $200M in Series C
Weights & Biases has successfully raised $200M in a Series C at a $1B valuation led by Insight Partners, Felicis Ventures, Coatue, Battery Ventures, Tiger Global.
Company Overview
Weights & Biases is a AI/ML company headquartered in 114 Sansome Street, San Francisco, CA 94104, founded in 2017 with 250+ employees.
ML operations platform
Fundraising Details
- Amount Raised: $200M
- Round Type: Series C
- Valuation: $1B
- Date: 2024-05-16
- Investors: Insight Partners, Felicis Ventures, Coatue, Battery Ventures, Tiger Global
About Weights & Biases
ML operations platform The company is positioned in the AI/ML sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 114 Sansome Street, San Francisco, CA 94104
- Founded: 2017
- Team Size: 250+
- Industry: AI/ML
What This Means
This funding round demonstrates strong investor confidence in Weights & Biases'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. Weights & Biases's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1B valuation marks an important milestone for Weights & Biases, positioning the company among notable players in the AI/ML industry.
Looking Ahead
With this new capital, Weights & Biases 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.
---
This fundraising news was reported on 2024-05-16. For more information about Weights & Biases, visit their headquarters at 114 Sansome Street, San Francisco, CA 94104.
