Unstructured Secures $40M in Series B Funding
March 17, 2024, 2:14 pm
Unstructured, a San Francisco-based provider of data preprocessing solutions for large language models (LLMs), has successfully raised $40 million in Series B funding. Led by Menlo Ventures, this round saw participation from key investors like Databricks Ventures, IBM Ventures, and NVIDIA’s venture capital arm, among others. With a total capital raised of $65 million, Unstructured plans to expand its team and accelerate the development of its data preprocessing tools for LLMs.
Unstructured's innovative technology allows organizations to transform messy, unstructured data into formats compatible with LLMs, enabling them to harness the full power of their data for increased productivity and innovation. Since its inception in 2022, Unstructured has been a trailblazer in the productization of enterprise LLMs, with its open-source library being widely adopted by over 45,000 organizations, including a third of the Fortune 500.
The company's recent funding will further propel its mission to automate the transformation of unstructured data into LLM-ready formats, addressing the growing demand for generative AI solutions in the market. Unstructured's commitment to revolutionizing data preprocessing for LLMs positions it as a key player in the evolving landscape of AI technology, paving the way for enhanced data utilization and AI-driven insights across industries.
Unstructured's innovative technology allows organizations to transform messy, unstructured data into formats compatible with LLMs, enabling them to harness the full power of their data for increased productivity and innovation. Since its inception in 2022, Unstructured has been a trailblazer in the productization of enterprise LLMs, with its open-source library being widely adopted by over 45,000 organizations, including a third of the Fortune 500.
The company's recent funding will further propel its mission to automate the transformation of unstructured data into LLM-ready formats, addressing the growing demand for generative AI solutions in the market. Unstructured's commitment to revolutionizing data preprocessing for LLMs positions it as a key player in the evolving landscape of AI technology, paving the way for enhanced data utilization and AI-driven insights across industries.