

The distributed computing startup Anyscale Inc., founded three years ago by a group of researchers from the University of California at Berkeley, said today it has closed on a $99 million round of funding, adding to the $100 million it raised in December.
Today’s Series C round was co-led by existing investors Addition and Intel Capital and included participation from Foundation Capital, which was also involved in the prior round.
Anyscale is the developer of the open-source Python framework Ray, which is used to run distributed computing projects. Ray includes both a universal serverless compute application programming interface and an expanded ecosystem of libraries. They enable developers to build scalable applications that can run on multicloud platforms without needing to worry about the underlying infrastructure.
The company has also built Anyscale Compute Platform, which is a managed version of the Ray platform that makes it more accessible to enterprises who’re willing to pay for the privilege.
In an interview with the Wall Street Journal, Anyscale Chief Executive Robert Nishihara (pictured, center, alongside Executive Chairman Ion Stoica and Chief Technology Officer Philipp Moritz), said it’s the commercial offering that has caught the attention of investors. By giving the underlying framework away for free, the company believes it can entice enterprises to take a look and then pay to reap more benefits.
Andreessen Horowitz co-founder Ben Horowitz, who led Anyscale’s December funding round, told the Journal that the open-source version of Ray has “a lot of momentum in the market.” He dropped names such as Meta Platforms Inc. and Uber Technologies Inc. as users, saying they generate lots of data but “need a crystal ball to decipher it.” Anyscale provides this crystal ball.
With Anyscale, companies get to streamline the process of creating artificial intelligence software that’s used to predict customer demand, target online ads, recommend products and detect fraud, for example. The Ray platform helps developers link the siloed computer and data technologies used to power these AI applications in a distributed system. The more complex these apps become, the more data repositories, search capabilities, data processing and training models they need access to.
Anyscale hasn’t disclosed any financial numbers or adoption rates, but told the Journal it already has paying customers.
Alongside the funding announced today, Anyscale also unveiled some new updates to both Ray and the enterprise-ready Anyscale Compute Platform. Ray 2.0 notably gains the Ray AI Runtime, adding a unified runtime layer for machine learning applications and services. The runtime helps simplify the development of machine learning apps and provides interoperability with popular AI frameworks such as Tensorflow, PyTorch, Hugging Face and others.
As for Anyscale Compute Platform, it gains new capabilities including a “Next-Generation ML Workspace” for developing and scaling machine learning applications from prototype to production, plus a preview of new capabilities around security, activity auditing, operational monitoring and cost management.
Support our open free content by sharing and engaging with our content and community.
Where Technology Leaders Connect, Share Intelligence & Create Opportunities
SiliconANGLE Media is a recognized leader in digital media innovation serving innovative audiences and brands, bringing together cutting-edge technology, influential content, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — such as those established in Silicon Valley and the New York Stock Exchange (NYSE) — SiliconANGLE Media operates at the intersection of media, technology, and AI. .
Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a powerful ecosystem of industry-leading digital media brands, with a reach of 15+ million elite tech professionals. The company’s new, proprietary theCUBE AI Video cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.