CodeAnd it is an emerging coding company that works in the male intelligence, which collects a new round of financing with a rate of $ 2.85 billion, including the new capital, according to two sources with knowledge of the deal.
The people said that the tour is led by the returning investor, Kleiner Perkins.
The new round comes just six months after the Codium -based Codium announced that it closed the C series of $ 150 million at a value of $ 1.25 billion led by General Catalyst with the participation of Kleiner Perkins and Greenoaks. Techcrunch was unable to confirm the dollar amount of new financing.
Codeium and Kleiner Perkins did not respond to a request for comment.
One person said that the company had reached about $ 40 million of repeated annual revenues (ARR). Based on the revenue number, Codeium’s implicit evaluation is about 70 times ARR. This is much higher than other artificial intelligence code editing companies.
Last month, Andysphere, the index of artificial intelligence, announced a new financing round of $ 2.5 billion. Based on her amounts of $ 100 million, investors appointed her 25 times the ARR evaluation numerous.
In addition to Anysphere, which many investors say he is the current pioneer in the category, Codeium competes with Poolside, Magic and Microsoft GitHub Copilot, and many others.
Although it is not clear how Coduim negotiated such a rich evaluation, the sources told Techcrunch that the company was not looking to raise new money before investors took it on this tour.
Codeium tries to distinguish between competitors by targeting companies instead of individual developers. Last summer, the company TECHRUNCH told that the free layer of its platform was used by more than 1,000 customers from the institution, including Anduril, Zillow and Dell.
In November, the company presented Windsurf EditorWhich can write some code without human participation, an approach known as Aicecan AI, or “Agent’s mode”. Others, like the indicator, too Provide a similar feature.
Codeium was founded in 2021 by Farun Mohan, his childhood friend and colleague Massachusetts Institute of Technology, Douglas Chen. Before Codeium, Chen was in Meta, where he helped create a software software such as Oculus Quest. Moan was a technology progress in Noro, the start of self -delivery, responsible for managing the self -rule infrastructure team.