LangChain is about to become a unicorn, sources say

LangChain is about to become a unicorn, sources say

LangChain, an AI infrastructure startup providing tools to build and monitor LLM-powered applications, is raising a new round of funding at an approximate $1 billion valuation led by IVP, according to three sources with knowledge of the deal.  LangChain began its life in late 2022 as an open-source project founded by Harrison Chase, who was…

Read More
Microsoft is closing its local operations in Pakistan

Microsoft is closing its local operations in Pakistan

Microsoft is closing its operations in Pakistan, marking the end of a 25-year presence in the South Asian nation. The Redmond-based company on Friday told TechCrunch that it is changing its operational model in Pakistan and will now serve its customers through resellers and “other closely located Microsoft offices.” “Our customer agreements and service will…

Read More
Next-gen procurement platform Levelpath nabs M

Next-gen procurement platform Levelpath nabs $55M

Levelpath, a procurement software startup founded by the duo behind Scout RFP, has raised $55 million in Series B funding led by Battery Ventures as the company looks to quadruple its revenue this year. The funding round also saw participation from existing investors, including Benchmark, which led Levelpath’s $14.5 million seed round, and Redpoint, the…

Read More