Venture Capital News: Galileo Raises $45M Series B Funding Round
2024-10-16
SAN FRANCISCO, CA, Galileo, a leader in generative AI evaluation and observability for enterprises, today announced it raised $45 million in Series B funding.
The round was led by Scale Venture Partners, with participation from Premji Invest, bringing the company's total funding to $68M. This comes at a time of explosive growth for the company, which has seen 834% revenue growth since the beginning of 2024. During this time, the company quadrupled its number of enterprise customers and brought on six Fortune 50 companies, including Comcast and Twilio.
The surge in enterprise demand for Galileo's Evaluation Intelligence platform also attracted participation from strategic investors, including Databricks Ventures, ServiceNow Ventures, Amex Ventures, Citi Ventures, SentinelOne Ventures, as well as AI leaders like Clement Delangue, CEO of HuggingFace and Ankit Sobti, CTO of Postman. The round also includes existing investors, Battery Ventures, Walden Capital and Factory. Additionally, Andy Vitus, Partner at Scale Venture Partners, will join Galileo's board. With this investment, Galileo will scale its go-to-market strategy, expand its product development efforts, and double down on AI evaluation research to help AI developers build trustworthy AI applications.
Galileo is the leading platform for enterprise GenAI evaluation and observability. Powered by Evaluation Foundation Models (EFMs), Galileo's platform supports AI teams across the development lifecycle-from building and iterating to monitoring and protection-with powerful, research-backed metrics. Galileo is used by AI teams from startups to Fortune 50 companies to accelerate AI development. Visit galileo.ai to learn more about the Galileo Evaluation Intelligence Platform.
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