Anyscale, the company behind the Ray open source project, announced it has raised $40 million in Series B funding. Led by existing investor NEA, with participation from Andreessen Horowitz (a16z), Foundation Capital, and Intel Capital, the oversubscribed round brings Anyscale's total funding to more than $60 million.

Anyscale is the future of distributed computing. Founded by the creators of Ray, an open source project from the UC Berkeley RISELab, Anyscale enables developers of all skill levels to easily build applications that run at any scale, from a laptop to a data center. Anyscale empowers organizations to bring AI applications to production faster, reduce development costs, and eliminate the need for in-house expertise to deploy and manage these applications.