# Anyscale

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/anyscale

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.anyscale.com
- Total disclosed funding: $260M
- Latest round: Series C (Aug 23, 2022)
- Investors on record: 9

## About

Anyscale, Inc. is a US-based company specializing in an AI platform that enhances machine learning operations, providing developers with tools to optimize workloads across diverse cloud environments and hardware accelerators.Founded in 2019 and headquartered in San Francisco, US, Anyscale offers a robust AI platform for machine learning applications. The company was co-founded by Robert Nishihara and Philipp Moritz, both experienced in the tech industry. Anyscale secured USD 99 mn in Series C funding on August 23, 2022, involving key investors like Addition, Foundation Capital, and Intel Capital. This funding reflects the firm's commitment to scaling their machine learning products and services, ultimately achieving a valuation of USD 991.575 mn.Anyscale provides a comprehensive AI platform powered by RayTurbo, an advanced version of the Ray distributed computing framework. This platform includes tools that facilitate model training, data processing, and serving across various cloud environments. Notable clients such as OpenAI, Uber, and Instacart utilize Anyscale's technologies to streamline their machine learning workflows. The company's products are accessible in key markets including North America, Europe, and Asia, catering to enterprises engaged in AI initiatives.Anyscale operates on a subscription-based revenue model, where clients pay for access to its AI platform based on usage requirements. The pricing structure accommodates a range of customers, from startups to large enterprises, engaging through licensing agreements and service commitments. The flagship RayTurbo offering is central to these transactions, facilitating efficient deployment and iteration of AI applications, thereby generating consistent revenue.In August 2022, Anyscale raised USD 99 mn in Series C funding, co-led by Addition and Intel Capital, to further develop and scale its machine learning applications. The company plans to enhance its product portfolio with upcoming releases designed to better meet emerging market demands. Additionally, Anyscale aims to expand its reach into new geographic regions, targeting increased penetration in European and Asian markets by 2024. The recent funding will be instrumental in supporting these growth initiatives.

## Funding rounds

- Series C, Aug 23, 2022, $99M — Foundation Capital, Intel Capital, Addition
- Series C, Dec 7, 2021, $100M — New Enterprise Associates, Foundation Capital, Intel Capital, Andreessen Horowitz, Addition
- Series B, Oct 21, 2020, $40M — New Enterprise Associates, Foundation Capital, Intel Capital, Andreessen Horowitz
- Series A, Aug 2, 2019, $21M — New Enterprise Associates, Intel Capital, Andreessen Horowitz, Amplify Partners, 11.2 Capital, Ant Group, The House Fund

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A, Series B, Series C
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A, Series B, Series C
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A, Series B, Series C
- Amplify Partners (https://capitalatlas.ai/funds/amplify-partners) — Series A
- 11.2 Capital (https://capitalatlas.ai/funds/11-2-capital) — Series A
- Ant Group (https://capitalatlas.ai/funds/ant-group) — Series A
- The House Fund (https://capitalatlas.ai/funds/the-house-fund) — Series A
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series B, Series C
- Addition (https://capitalatlas.ai/funds/addition) — Series C