Open-Source Startup Anyscale Raises $40 Million in Series B Funding Round
October 21 2020 - 10:28AM
Dow Jones News
By Colin Kellaher
Open-source startup Anyscale on Wednesday said it raised $40
million at an undisclosed valuation in an oversubscribed Series B
funding round.
The Berkeley, Calif., company said existing investor New
Enterprise Associates Inc. led the round, which brings its total
funding to more than $60 million.
Andreessen Horowitz, Foundation Capital and Intel Capital, the
venture arm of semiconductor giant Intel Corp., also
participated.
Anyscale, which developed the Ray open-source project, said it
will use the funding to expand the ecosystem around the project and
to bring its first commercial offering to market.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 21, 2020 10:13 ET (14:13 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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