Anyscale’s $40 Million Series B Financing

Fenwick & West LLP advised Anyscale on the deal.

Anyscale, the company behind the Ray open source project, announced it has raised $40 million in Series B funding. Led by existing investor NEA, with participation from Andreessen Horowitz (a16z), Foundation Capital, and Intel Capital, the oversubscribed round brings Anyscale’s total funding to more than $60 million.

Anyscale will use the funding to further grow the ecosystem around the Ray open source project and fulfill its vision of simplifying the development of distributed applications and putting AI in the hands of every developer. In addition, Anyscale announced its first commercial offering — the Anyscale managed Ray platform, which provides developers with the illusion of an “infinite laptop” and is the first step toward making programming the cloud as easy as programming on a laptop. Anyscale also announced that Pete Sonsini, General Partner and Head of Enterprise Investing at NEA, will join the company’s board of directors in conjunction with the financing.

Anyscale is the future of distributed computing. Founded by the creators of Ray, an open source project from the UC Berkeley RISELab, Anyscale enables developers of all skill levels to easily build applications that run at any scale, from a laptop to the cloud.

The Fenwick transaction team was led by corporate partner Michael Brown (Picture) and associates Ari Haber, Elliot Ginsburg and Sloka Tankala.

Involved fees earner: Michael Brown – Fenwick & West LLP; Elliot Ginsburg – Fenwick & West LLP; Ari Haber – Fenwick & West LLP; Sloka Tankala – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Anyscale;

Author: Ambrogio Visconti