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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