Total amount raised
$41.1 Millions
Latest funding date
10/01/2024
Location
Braintrust Data has successfully raised significant funding to support its mission of building and shipping large language model (LLM) products effectively. The platform offers comprehensive tools for evaluating prompts and models, monitoring AI interactions, and optimizing AI applications.
Keep reading to explore the intricacies of Braintrust Data's fundraising journey and the investors backing this innovative platform.
What Is Braintrust Data?
Braintrust Data operates in the AI and Machine Learning industry, focusing on building and deploying applications that utilize large language models (LLMs). The platform offers comprehensive tools for evaluating prompts and models, monitoring AI interactions, and optimizing AI applications.
Braintrust Data is designed to be intuitive for both technical and non-technical users, providing features that support self-hosting for full control over data and compliance. The platform is trusted by AI teams for its robust capabilities and user-friendly interface.
How Much Funding Has Braintrust Data Raised?
- Seed Round
- Amount Raised: $5.1M
- Date: December 2023
- Lead Investors: Greylock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch the initial version of Braintrust Data's platform, focusing on building tools for evaluating AI models and monitoring AI interactions.
- Series A
- Amount Raised: $36M
- Date: October 2024
- Lead Investors: Andreessen Horowitz
- Valuation at Round: $150M
- Motivation Behind the Round: To advance the future of AI software engineering, introduce new features like "functions" for building with foundation models, and expand Braintrust's services and SDK.
Total Amount Raised: $41.1M. Current Valuation: $150M.
Key Investors
- Andreessen Horowitz (a16z)
- Details: Andreessen Horowitz is a leading venture capital firm known for investing in technology companies. Founded in 2009, it has a reputation for backing innovative startups and providing extensive support to its portfolio companies.
- Investment Focus Areas: Technology, software, AI
- Notable Investments: Facebook, Airbnb, Slack, Coinbase
- Greylock
- Details: Greylock is a venture capital firm that invests in early-stage technology companies. Established in 1965, it has a long history of supporting successful startups and helping them scale.
- Investment Focus Areas: Early-stage technology companies, AI, software
- Notable Investments: LinkedIn, Facebook, Airbnb
- Datadog
- Details: Datadog is a cloud monitoring and security platform that helps organizations monitor their entire technology stack. Founded in 2010, it has become a key player in the cloud infrastructure space.
- Investment Focus Areas: Cloud monitoring, security, data analytics
- Notable Investments: Not specified
- Databricks
- Details: Databricks is a data and AI company that provides a unified analytics platform. Founded by the creators of Apache Spark, it focuses on simplifying data and AI workflows.
- Investment Focus Areas: Data analytics, AI, machine learning
- Notable Investments: Not specified
- Elad Gil
- Details: Elad Gil is a prominent angel investor and entrepreneur known for his investments in high-growth technology startups. He has a background in both founding and scaling companies.
- Investment Focus Areas: Technology startups, AI, software
- Notable Investments: Airbnb, Pinterest, Square
What's Next for Braintrust Data?
Braintrust Data is poised to capitalize on the growing demand for AI evaluation tools, expanding its services to a broader range of industries. With a client base that has doubled in a year, the company is well-positioned to attract further investment, enhancing its SDK and introducing new features like "functions" to streamline AI development.
Future fundraising opportunities are promising, given the company's rapid growth and increasing client base. However, Braintrust Data will need to navigate challenges such as competition from other AI evaluation tools and the risk that AI may not meet its lofty promises, which could impact demand for its services.
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