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LangChain raised $125 million at a $1.25 billion valuation, the company said announcement TechCrunch on Monday reported in July that there was a popular open source framework provider for building AI agents Raising new funds at a valuation of at least $1 billion. The deal was handled by IVP, as we previously reported. New investors CapitalG and Sapphire Ventures joined, as did existing investors Sequoia, Benchmark, and Amplify
LangChain started 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 it difficult to build apps with an early-stage LLM, such as searching the web, making API calls and interacting with databases. It became a smash hit project and Chase launched a startup $10 million seed round From benchmark in April 2023. A week later, Chase a $25 million Series A Led by Sequoia, the alleged LangChain evaluation $200 million.
As sophisticated model builders add more infrastructure, Longchain has become a platform for building agents. In addition to announcing its unicorn status, the company rolled out updates to all of its major products, including its agent builder Langchain, its orchestration and context/memory tool Langgraph, and its testing/observability tool Langsmith. Longchain is very popular among open source devs with 118,000 stars and 19.4 forks. on github.
