# Replicate — Businesses are building on open-source AI

- Company: Replicate (replicate.com)
- Announced: 2023-12-05
- Category: funding-company-news
- Coverage: not counted
- Announcement: yes
- Group: announcements
- Source: https://replicate.com/blog/series-b
- Record: https://forck.live/items/2544-businesses-are-building-on-open-source-ai
- Subject: Platform

Replicate announced a $40 million Series B funding round led by a16z, with participation from NVentures (NVIDIA), Heavybit, Sequoia, and Y Combinator.

## Evidence

Verbatim from https://replicate.com/blog/series-b:

> we’ve raised a $40 million Series B led by a16z.

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