Unstructured Receives $40 Million Investment

Unstructured, a startup that prepares user data for big language models, announced that it has received $40 million in investment. Unstructured raised $40 million in a Series B investment round. Menlo Ventures led this investment round. In addition to Menlo Ventures, we can list the participants in this investment round as follows: Nvidia's investment firm, Mango Capital, Databricks Ventures, Bain Capital Ventures, IBM Ventures, Sacramento Kings president Vivek Ranadive, Madrona, one of the company's existing investors, Datastax CEO Chet Kapoor, and Allison Pickens of New Normal Fund.

Also See: DraftWise Receives $20 Million Investment in Series A Investment Round

Unstructured Aims to Expand its Team

Unstructured will use the $ 40 million investment in the growth of its company. It will also further develop the tools it offers. With the new $ 40 million investment, the startup has reached a total of $ 65 million in funding to date. The San Francisco-based startup was founded by Brian Raymond in 2022. The startup processes customer data and makes it available for large language models. Data belonging to many companies in Unstructured; PDF, PPTX, HTML, PNG and CSV formats. The startup processes these formats and customises them for big language models.

Recently, big language and artificial intelligence models have become very popular. Therefore, LLM and artificial intelligence technologies have also started to develop rapidly.