Anyscale Acquisition, Valuation, Funding & Investors

Anyscale was acquired by Nscale for $1.6B in July 2026, a 16.5x multiple on $100M of revenue.

Anyscale acquisition price

$1.6B

Acquired by Nscale · Jul 2026

Anyscale revenue at acquisition

$100M

Last twelve months · Jul 2026

Anyscale revenue multiple at acquisition

16.5x

EV/Revenue · Jul 2026

Cumulative funding Anyscale raised

$259M

across 4 funding rounds

Anyscale Overview

About Anyscale

Anyscale is a San Francisco-headquartered company founded by the creators of the Ray distributed computing framework. The platform scales AI and machine learning workloads from laptops to cloud clusters, supporting end-to-end development and production deployment. Anyscale serves data science teams building applications with libraries like PyTorch and TensorFlow. Backers include Andreessen Horowitz, NEA, and Addition.


Founded

2019

HQ

United StatesSan Francisco, CA

Status

Acquired

Customer focus

B2B

Revenue model

Usage-based, Subscription

Revenue

$5M (Dec 2021)

Valuation

$1B (Dec 2021)

Anyscale Acquisition

Anyscale was acquired by Nscale for $1.6B on 29 July 2026.

The acquisition price implies a 16.5x revenue multiple on $100M of revenue.

Before the acquisition Anyscale had raised $259M across 4 funding rounds.

Nscale agreed to acquire Anyscale in a reported $1.65 billion transaction announced on July 30, 2026, with the deal expected to close in the second half of 2026. Nscale described the transaction as a step toward building a full-stack AI cloud platform and did not disclose financial terms itself, while the reported purchase price came from a person familiar with the deal. The strategic rationale centers on combining Nscale’s AI cloud infrastructure with Anyscale’s software for scaling AI workloads across thousands of GPUs, including data processing, training, inference, and reinforcement learning. The acquisition is intended to strengthen Nscale’s control over more of the AI compute stack and deepen its end-to-end platform offering. Anyscale’s recent operating momentum included 70% sequential revenue growth in its most recent quarter, which was cited in connection with the transaction. Anyscale is the commercial company behind the Ray framework and has been positioned as an AI software platform for distributed workloads. It was valued at $1.38 billion in its 2022 Series C round, and the company had previously raised approximately $259.6 million across four announced financings. Nscale is a London-based AI cloud platform operator that has also raised significant capital, including a reported $2 billion Series C in March 2026.

Anyscale acquisition details
AcquirerDateTypePriceEV/Revenue
29 Jul 2026Strategic M&A$1.6B16.5x

Anyscale Valuation

Anyscale is currently valued at $1B, based on its Series C in December 2021.

The $100M round was led by Addition and Andreessen Horowitz, with participation from New Enterprise Associates, Foundation Capital and Intel Capital.

Anyscale valuation by funding round

Anyscale valuation by funding round
DateStageValuationRevenue Multiple
Dec 2021Series C$1B200.0x

Anyscale Revenue

Anyscale's latest recorded revenue is $5M, as of its Series C in December 2021.

Anyscale revenue by funding round

Anyscale revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Dec 2021$5M$1B200.0xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Anyscale Funding History

Anyscale has raised a total of $259M across 4 funding rounds.

Anyscale's first fundraising round was a $20M Series A in December 2019. The most recent completed round was a $99M Series C in August 2022.

Anyscale funding rounds

Anyscale funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2022Series CAddition (lead); Intel Capital (lead); Sancus Ventures; Foundation Capital$99M-Anyscale, the company behind the open-source Ray framework for scalable AI and Python workloads, announced an additional $99 million in Series C funding on August 23, 2022, co-led by Addition and Intel Capital with participation from Foundation Capital. This followed a $100 million Series C round in December 2021, bringing total Series C to around $199 million and overall funding to $259.6 million across four rounds. The funding coincided with the launch of Ray 2.0, featuring a unified AI runtime, and enhancements to the Anyscale Compute Platform, including next-generation ML workspaces, security, auditing, and cost management tools. Anyscale provides a fully managed, enterprise-ready platform that enables developers to scale machine learning applications from laptops to clouds without complex infrastructure. The August 2022 extension targeted accelerating Ray's adoption, already used by thousands of organizations including Uber, IBM, Meta, Riot Games, and Instacart for AI initiatives. Investors like Andreessen Horowitz, NEA, and others back Anyscale's position in the growing AI compute market. Ray serves as a unified distributed framework for scaling workloads, with Anyscale's platform making it accessible to enterprises. The company highlighted rapid adoption and industry-standard status for solving AI scaling challenges.
Dec 2021Series CAddition (lead); Andreessen Horowitz (lead); New Enterprise Associates; Foundation Capital; Intel Capital$100M$1BAnyscale, founded by the creators of the Ray open source project, develops a platform that enables developers to instantly scale AI applications from laptops to the cloud without managing complex infrastructure. The company accelerates the development and productionization of AI applications at any scale, unifying the end-to-end AI lifecycle including model training, data ingestion, deployment, and hyperparameter tuning. Ray has emerged as the fastest-growing open source project in distributed AI, positioning Anyscale to address a massive market opportunity in AI compute. On December 8, 2021, Anyscale announced a $100 million Series C funding round at a $1 billion post-money valuation, achieving unicorn status. The round was co-led by Andreessen Horowitz and Addition, with participation from existing investors New Enterprise Associates (NEA), Intel Capital, and Foundation Capital. This brought the company's total funding to $160 million. The financing supports expansion of the Ray ecosystem, general availability of the Anyscale managed Ray platform, and team growth in engineering, product, sales, and go-to-market functions. At the time of the Series C, Anyscale highlighted surging demand for scalable AI solutions amid the pandemic-driven digital shift and AI adoption. CEO Robert Nishihara noted compute requirements for AI apps doubling every 3.5 months, with Anyscale's platform simplifying scaling challenges. The company planned to hire 26 new team members post-round. Subsequent funding included an extension to the Series C.
Oct 2020Series BNew Enterprise Associates (lead); Andreessen Horowitz; Foundation Capital; Intel Capital$40M-Anyscale, the company behind the Ray open source project, raised $40 million in an oversubscribed Series B funding round on October 21, 2020, led by New Enterprise Associates (NEA) with participation from Andreessen Horowitz (a16z), Foundation Capital, and Intel Capital. This brought the company's total funding to more than $60 million. Pete Sonsini from NEA joined the board. The funding will support growth of the Ray ecosystem, simplify development of distributed applications, and advance AI accessibility for developers. Anyscale launched its first commercial offering, the Anyscale managed Ray platform, providing an 'infinite laptop' experience for cloud programming, with general availability planned for H1 2021. Ray has gained traction as a tool for distributed applications, particularly in AI and machine learning. Interest spans financial services, retail, manufacturing, design, informatics, medical research, and COVID-19 vaccine projects in private beta. Intel uses Ray for projects, alongside others like Microsoft.
Dec 2019Series AAndreessen Horowitz (lead); Ant Group; New Enterprise Associates; The House Fund; Dwight Crow; Amplify Partners; 11.2 Capital; Intel Capital$20M-Anyscale, founded in 2019 by the creators of the open-source Ray project, launched with a $20.6 million Series A funding round on December 17, 2019, led by Andreessen Horowitz, with participation from New Enterprise Associates, Intel Capital, Amplify Partners, 11.2 Capital, and The House Fund. The funding aimed to expand the leadership team, amplify contributions to the open-source community, and bring Ray—a framework for scaling distributed applications from laptops to datacenters—to more organizations without requiring distributed computing expertise. Ray addresses the growing demands of machine learning applications amid slowing Moore's Law and the limitations of specialized hardware like GPUs and TPUs. The company provides a distributed programming platform to simplify scaling complex applications for machine learning engineers, eliminating the need for infrastructure expert teams. This round marked Anyscale's entry into commercializing Ray, focusing on developer and enterprise adoption by handling scalable infrastructure challenges. Anyscale has since raised over $280M total, positioning it in the AI infrastructure space.

Who has invested in Anyscale?

11 investors have backed Anyscale across its funding rounds, including Intel Capital, Andreessen Horowitz, New Enterprise Associates, Foundation Capital, Addition and Amplify Partners.

Lead investors include Addition, Intel Capital, Andreessen Horowitz and New Enterprise Associates.


Anyscale Investors

Investors in Anyscale by funding rounds participated
InvestorHQRoundsRoleFirst check
Intel CapitalUnited StatesSanta Clara, CA4LeadDec 2019
New Enterprise AssociatesUnited StatesSan Francisco, CA3LeadDec 2019
Andreessen HorowitzUnited StatesSan Francisco, CA3LeadDec 2019
Foundation CapitalUnited StatesSan Francisco, CA3ParticipantOct 2020
AdditionUnited StatesUnited States2LeadDec 2021
Ant GroupChinaHangzhou1ParticipantDec 2019
Sancus VenturesUnited StatesSan Francisco, CA1ParticipantAug 2022
The House FundUnited StatesSan Francisco, CA1ParticipantDec 2019
Dwight CrowUnited StatesSan Francisco, CA1ParticipantDec 2019

This data is available for Pro users. Sign up to see all 11 Anyscale investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Anyscale Competitors

Anyscale competitors include listed companies like C3.ai and SoundHound, and private ones like WEKA, Anew Labs, Snorkel AI and Eightfold AI.

Public and private companies comparable to Anyscale
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
WEKAUnited StatesSan Jose, CAPrivate$100M-$1.6B16.0x
C3.aiUnited StatesUnited StatesPublicly listed$250M($484M)$1.7B4.5x
Anew LabsChinaShanghaiPrivate--$1.5B-
Snorkel AIUnited StatesSan Francisco, CAPrivate$20M-$1.3B65.0x
Eightfold AIUnited StatesSan Jose, CAPrivate$12M-$2.1B175.0x
SoundHoundUnited StatesUnited StatesPublicly listed$169M$19M$2.7B11.3x

Anyscale Public Comps

Anyscale is no longer listed, but its public comps include Nava, C3.ai, VNET Group, Shenzhen Ysstech Info, Anterix, BigBear.ai, Fractal Analytics, UCloud Technology, Boost Run and Richinfo Technology.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Nava$445M$192M3.8x-8.8x-
C3.ai$250M($484M)4.3x4.5x(2.2x)(6.2x)
VNET Group$1.5B$463M4.1x3.7x13.2x11.8x
Shenzhen Ysstech Info$205M$4M7.2x-378.8x-
Anterix$7M($29M)216.3x103.4x(47.7x)(46.7x)
BigBear.ai$128M($295M)8.3x7.6x(3.6x)(27.8x)
Fractal Analytics$344M$50M3.7x3.4x25.8x21.0x
UCloud Technology$253M$31M7.7x-63.2x-

This data is available for Pro users. Sign up to see all Anyscale competitors and their valuation data.

Start Free Trial

Common questions about Anyscale

When was Anyscale founded?Anyscale was founded in 2019.
Where is Anyscale headquartered?Anyscale is headquartered in San Francisco, CA, United States.
Is Anyscale publicly listed?No, Anyscale was acquired by Nscale in July 2026.
Who acquired Anyscale?Anyscale was acquired by Nscale in July 2026.
How much was Anyscale acquired for?Anyscale was acquired for $1.6B in July 2026, a 16.5x revenue multiple.
What is Anyscale's valuation?Anyscale was last valued at $1B in its Series C in December 2021.
How much funding has Anyscale raised?Anyscale has raised $259M across 4 funding rounds.
What was Anyscale's last funding round?Anyscale's last funding round was a $99M Series C in August 2022, led by Addition and Intel Capital.
Who are Anyscale's investors?Anyscale's investors include Intel Capital, New Enterprise Associates, Andreessen Horowitz, Foundation Capital, Addition, Ant Group, Sancus Ventures, The House Fund, Dwight Crow, Amplify Partners and 1 other.
What is Anyscale's revenue?Anyscale's latest recorded revenue is $5M (December 2021).
Which companies are comparable to Anyscale?Companies comparable to Anyscale include WEKA, C3.ai, Anew Labs, Snorkel AI, Eightfold AI and SoundHound.

See companies similar to Anyscale

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial