LangChain raises $300 million at $3 billion valuation
Alphabet's CapitalG led the round, with IVP, Sapphire Ventures, GIC and DFJ Growth also participating, according to SiliconANGLE.
LangChain, a San Francisco-based startup that offers open-source AI agent development tools, has raised a $300 million funding round at a $3 billion valuation. CapitalG, a fund under Alphabet, led the round, according to SiliconANGLE, which reported the funding on November 12.
IVP, Sapphire Ventures, GIC and DFJ Growth also participated in the round. The Wall Street Journal first reported the funding news.
LangChain released its open-source LangChain framework in 2022. Since its previous funding round last year, the company has disclosed that its open-source tools are downloaded about 90 million times a month.
Its paid product, LangSmith, generates revenue, and Autodesk, Cisco and other tech companies use it. LangChain also offers LangGraph, a product for orchestrating complex multi-agent workflows.
Quick answers
How much did LangChain raise?
LangChain raised a $300 million funding round.
Who led LangChain's funding round?
CapitalG, a fund under Alphabet, led the round. IVP, Sapphire Ventures, GIC and DFJ Growth also participated.
What valuation did LangChain reach?
LangChain was valued at $3 billion in this round.