"LangChain raised $125 million at a $1.25 billion valuation, the company announced on Monday. TechCrunch reported in July that the provider of a popular open source framework for building AI agents was raising fresh funds at a valuation of at least $1 billion. The deal was led by IVP, as we previously reported. New investors CapitalG and Sapphire Ventures joined in, as did existing investors Sequoia, Benchmark, and Amplify."
"LangChain began in 2022 as an open source project founded by machine learning engineer Harrison Chase. The startup was an early darling of the AI era, solving problems that made building apps with early-stage LLMs difficult, such as searching the web, calling APIs, and interacting with databases. It became a smash hit project, and Chase launched a startup with a $10 million seed round from Benchmark in April 2023."
LangChain secured $125 million in new funding at a $1.25 billion valuation in a round led by IVP, with CapitalG and Sapphire Ventures joining and Sequoia, Benchmark, and Amplify participating. The project originated in 2022, founded by Harrison Chase, to address early LLM integration challenges like web search, API calls, and database interaction. Chase converted the project into a startup with a $10 million seed from Benchmark and a subsequent $25 million Series A led by Sequoia. LangChain has evolved into a platform for building agents and released updates to LangChain, LangGraph, and LangSmith, maintaining strong GitHub popularity.
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