Fenwick Represents Anyscale in $40 Million Series B Financing

Fenwick represented Anyscale, the company behind the Ray open source project, in its $40 million Series B financing. The funding round was led by NEA, with participation from Andreessen Horowitz, Foundation Capital and Intel Capital.

Anyscale will use the funding to further grow the ecosystem around the Ray open source project and fulfill its vision of simplifying the development of distributed applications and putting AI in the hands of every developer. More information can be obtained from Anyscale’s announcement.

The Fenwick transaction team was led by corporate partner Michael Brown and associates Ari Haber, Elliot Ginsburg and Sloka Tankala.