LanceDB raises $30 million for multimodal AI data infrastructure

Artificial intelligence data infrastructure company LanceDB raised a $30 million series A round, the company said Tuesday.

The round was led by Theory Ventures, with participation from CRV, Y Combinator, Databricks Ventures and Runway.

LanceDB’s platform stores and processes the data that AI companies use to build advanced AI models, with a focus on multimodal AI models capable of processing and integrating various types of data including text, video, images and audio.