TLDR:
Unstructured, a San Francisco-based company, raised $40M in Series B funding led by Menlo Ventures. The funding will be used to grow the team and accelerate the development of data preprocessing tools for large language models.
Key Points:
- Unstructured raised $40M in Series B funding led by Menlo Ventures.
- The funding will be used to grow the team and accelerate development of data preprocessing tools for large language models.
Unstructured, a provider of tools to ingest and preprocess large language models (LLMs), raised $40m in Series B funding. The round was led by Menlo Ventures, with participation from other investors. Tim Tully of Menlo Ventures joined the board of directors as part of the investment. Unstructured empowers organizations to transform their internal unstructured data into formats compatible with large language models, enabling increased productivity and innovation. Since its founding in 2022, Unstructured has been at the forefront of the productization of enterprise LLMs, with over 6 million downloads of its open-source library and usage by more than 45,000 organizations, including one third of the Fortune 500.
