Langchain raises $125 million at $1.25 billion valuation, company announced On Monday. TechCrunch reported in July that the provider of a popular open source framework for building AI agents was Raising fresh money at a valuation of at least $1 billionAs we previously reported, the deal was led by IVP. New investors CapitalG and Sapphire Ventures joined, as well as 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 it difficult to build apps with early-stage LLMs, such as searching the web, calling APIs, and interacting with databases. It became a smash hit project and Chase launched a startup $10 million seed round From the benchmark in April 2023. A week later, Chase picked up $25 million Series A Under Sequoia’s leadership, Langchen reportedly valued $200 million,
As cutting-edge model makers have added more infrastructure, Langchain has evolved to become a platform for building agents. In addition to announcing its unicorn status, the company launched updates to all of its core products, including its agent builder Langchain, its orchestration and context/memory tool Langgraph, and its testing/observation tool LangSmith. With 118,000 stars and 19.4 forks, Longchain remains extremely popular among open source developers. on GitHub,
