Observed Signal · Oct 3, 2024 · Funding · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
AI Coding Startup Poolside Raises $500M Series B
San Francisco-based AI startup Poolside, which builds an AI-assisted software development platform, raised $500 million in Series B funding. The round was led by Bain Capital Ventures and included investments from eBay Ventures, Nvidia, LG Technology Ventures, Felicis Ventures, Redpoint Ventures, Citi Ventures, Capital One Ventures, HSBC Ventures, DST Global, StepStone Group, Schroders Capital, Premji Invest, Dorsal Capital, BAM Elevate, Adams Street, and Fin Capital. Poolside has now raised $626 million in total and is valued at $3 billion. The company was founded by Jason Warner, former CTO of GitHub, and Eiso Kant. Poolside develops proprietary AI models for code completion and suggestion, serving Global 2000 companies and public institutions. With the new capital, Poolside brought 10,000 Nvidia GPUs online to train future models and plans to accelerate go-to-market and R&D efforts.
Significant $500M Series B for an AI coding startup shows continued investor appetite for AI infrastructure; relevant to AdTech/MarTech indirectly through AI adoption but not industry-shifting.
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Key Takeaways & Evidence Grounding
- Poolside raised $500 million in Series B funding led by Bain Capital Ventures.
- Total funding reached $626 million at a $3 billion valuation.
- Investors included eBay Ventures, Nvidia, LG Technology Ventures, Felicis Ventures, Redpoint Ventures, Citi Ventures, Capital One Ventures, HSBC Ventures, DST Global, StepStone Group, Schroders Capital, Premji Invest, Dorsal Capital, BAM Elevate, Adams Street, and Fin Capital.
- Poolside was founded by Jason Warner, former CTO of GitHub, and Eiso Kant.
- The company brought 10,000 Nvidia GPUs online to train future AI models.
Connected Companies & Entities
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“Jason Warner is former CTO of GitHub....”
“Investor in Poolside's Series B....”
“Jason Warner led development departments at Canonical....”
“AI coding startup known for Devin, raised $175M at a $2B valuation....”
“AI coding startup mentioned as previously best-funded scale-up with $465M total....”
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