LangChain is about to become a unicorn, sources say
SMRTR summary
LangChain, an AI infrastructure startup, is raising new funding at a $1 billion valuation led by IVP. The company, which began as an open-source project in late 2022, has evolved to offer LangSmith, a product for monitoring LLM applications. LangSmith has driven LangChain's ARR to $12-16 million, with customers including Klarna and Rippling. The funding round reflects LangChain's growth in the competitive LLM ecosystem.
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