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.

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.

Predibase