The Bloomberg Beta-backed machine learning technology provider's valuation passed the $1bn mark in a series C round which lifted its overall funding to $200m.

Weights and Biases, a US-based machine learning (ML) technology developer that counts Bloomberg Beta – the venture capital firm backed by media group Bloomberg – as an investor, has secured $135m in series C funding.

Insight Partners and Coatue Management co-led the round at a valuation of $1bn and were joined by Felicis Ventures and Bond, bringing the company’s total funding to $200m.

Founded in 2018, Weights and Biases creates tools to help customers develop ML models and operations (MLOps)…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.