US-based application development technology provider Anyscale secured $40m on Wednesday in a series B round that included Intel Capital, the corporate venturing subsidiary of semiconductor and data technology producer Intel.
New Enterprise Associates (NEA) led the round, which included fellow venture capital firms Andreessen Horowitz and Foundation Capital.
Anyscale has created an open source software platform called Ray which allows users to create applications at any scale, from a laptop to the cloud. Ray was created at University of California (UC), Berkeley’s RiseLab and is currently in closed beta.
The company emerged in stealth in December 2019 having raised $20.6m in a series A round led by Andreessen Horowitz and backed by Intel Capital, financial services provider Ant Financial, NEA, 11.2 Capital, Amplify Partners and the UC Berkeley-focused House Fund.
Robert Nishihara, Anyscale’s co-founder and chief executive, said: “Since launching Anyscale last year, we have seen Ray emerging as the tool of choice for programming distributed applications.
“This is only the beginning. The investment we are announcing today will allow us to further remove the barriers to entry for building scalable distributed applications that have held organisations back from taking advantage of recent advancements in AI and machine learning. We will continue to enhance Ray and bring to market our first commercial offering.”
