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LangChain raises $300 million Series C at $3 billion valuation
TechCrunch reports LangChain said it raised a $300 million Series C at a $3 billion valuation led by CapitalG.
- New headline Was: “AI agent startup LangChain hits $3B valuation”
- Our desk filed its story
LangChain said Friday it raised $300 million in a Series C at a $3 billion valuation, more than doubling the $1.25 billion mark it reached about a year ago, TechCrunch reported1.
CapitalG led the round, with participation from Singapore's GIC, DFJ Growth, IVP, and Sapphire Ventures, according to the company's announcement as reported by TechCrunch1.
The company began in 2022 as an open-source project that helped early large language models search the web, call APIs, and work with databases, TechCrunch reported1. As frontier labs added those capabilities themselves, LangChain shifted toward software for managing AI agents, the report said1.
Its commercial product, LangSmith, is pitched as agent-creation and management software that does not lock customers into a particular model, cloud, or ecosystem, unlike major clouds or frontier labs, TechCrunch reported, citing the company1. LangChain also says LangSmith can contain agent behavior and is easy to use1.
LangChain now claims 7,000 LangSmith customers, including startups Harvey, Rippling, and Clay, and enterprises NVIDIA, Toyota, and Salesforce, TechCrunch reported1.
The prior round, about a year ago, was $125 million led by IVP at a $1.25 billion valuation, according to TechCrunch1. Terms beyond the headline amount and valuation, including how much of the new round is primary capital, were not detailed in the TechCrunch report1.
