Codeium, supplier of an AI toolkit for builders, has introduced that it just lately accomplished a Sequence B funding spherical of $65 million.
The corporate plans to make use of this new inflow of cash to increase its platform to sort out extra elements of the event life cycle, equivalent to system design, code upkeep, and steady scanning. It would additionally spend money on rising its engineering and gross sales groups.
This funding spherical was led by Kleiner Perkins, with participation from Basic Catalyst and Greenoaks, which had beforehand invested within the firm.
Codeium affords builders a toolkit that’s powered by AI to enhance effectivity within the software program growth course of. It contains capabilities like autocomplete, chat, and context consciousness. Presently it helps over 70 languages and integrates with over 40 IDEs, and is already utilized by over 300,000 builders.
“Software program engineering is the spine of innovation but the method is pricey and inefficient on account of imperfect data retrieval, boilerplate duties, upkeep overhead, and extra,” mentioned Varun Mohan, CEO of Codeium. “The quick rise of LLMs is now giving builders the chance to beat these challenges and considerably enhance their productiveness. That is exactly why we developed Codeium: to let builders give attention to artistic, high-value duties—not tedious upkeep work.”
Leigh Marie Braswell, associate at Kleiner Perkins, the lead investor of this Sequence B spherical, added: “Codeium has all the weather of a successful AI firm: the visionary management, the breakthrough know-how, and a rising buyer roster of enterprise firms. Their AI know-how isn’t just accelerating developer productiveness; it’s reshaping the best way software program is written. We’re thrilled to be on this journey with Varun and his staff as they proceed to pave the best way for the way forward for software program growth.”
