Reported about 15 hours ago
LangChain, an AI infrastructure startup that helps developers create and monitor applications powered by large language models (LLMs), is on track to achieve a valuation of approximately $1 billion in a new funding round led by IVP. Founded as an open-source project in late 2022, it has since secured significant investments and developed products like LangSmith, which has generated annual recurring revenue between $12 million and $16 million. LangChain has gained traction for its innovative solutions at a time when LLM capabilities are rapidly evolving, making it a key player in the AI space.
Source: YAHOO