Tech Company Financing Transactions
Laredo Labs Funding Round
Laredo Labs, based in San Jose, secured $8.5 million from Horizons Ventures and Radical Ventures.
Transaction Overview
Company Name
Announced On
12/12/2023
Transaction Type
Venture Equity
Amount
$8,500,000
Round
Undisclosed
Investors
Horizons Ventures (Lead Investor)
Radical Ventures (Lead Investor)
Proceeds Purpose
A portion of the new capital will go toward hiring -- expanding Laredo's team from eight people to 10 by the end of the year.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
88 East San Fernando Street Unit 1208
San Jose, CA 95113
USA
San Jose, CA 95113
USA
Phone
Website
Email Address
Overview
Laredo Labs is a "full stack" ML company on a mission to radically improve developer productivity: we build our own datasets, models, platform, and user experience. We've built a suite of novel foundation models over what we believe to be the most comprehensive software engineering dataset in existence today. Our "Solver" completes tasks, not code. Powered by our proprietary models and featuring a brand new out-of-the-editor UX, our Solver is an agent that completes repository-level tasks directly from natural instructions -- even text taken verbatim from an issue tracker.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Satyanarayana Chava
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Where The Data Comes From
We do our best to document every notable VC transaction. VC investment data records reported here are derived from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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