Weights & Biases garners $50M in funding, with OpenAI being one of their clients

August 9 2023
AI and machine learning development platform Weights & Biases has raised $50 million in funding from investors including ex-GitHub CEO Nat Friedman and former Y Combinator partner Daniel Gross. This increases the firm’s total raised to $250 million and values it at $1.25 billion. The funds will be used to launch Prompts, a product designed to help users monitor and evaluate the performance of large language models. The company was co-founded by Lukas Biewald and Chris Van Pelt in 2017, and now has a user base of 700,000 and over 1,000 paying subscribers.
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What does it mean?

  • Y Combinator: A startup accelerator that provides seed funding for startups. Seed funding is the earliest stage of venture capital. It pays expenses of startups while they are in very early stages of their formation.
  • Large language models: These are machine learning models trained on a large amount of text data. They are capable of generating human-like text based on the input they receive.
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