CodeA coding startup fueled by AI, collects a new financing cycle with an assessment of $ 2.85 billion, including new capital, according to two sources knowing the agreement.
The round is led by return investor Kleiner Perkins, people said.
The new round comes only six months after the codeium, based at Silicon Valley, announced that it had closed a C series of $ 150 million with a post-money assessment of $ 1.25 billion led by General Catalyst With the participation of Kleiner Perkins and Greenoaks. Techcrunch could not confirm the dollar amount of the new financing.
Codeium and Kleiner Perkins did not respond to a request for comments.
The company has reached approximately $ 40 million in annualized recurring income (ARR), said a person. Based on this income figure, the implicit codeium assessment is approximately 95 times a arr. It is much higher than other AI code publishing companies.
Last month, Anysphere, the manufacturer of the assistant coding cursor fueled by AI, announced a new financing financing cycle to an evaluation of $ 2.5 billion. Based on its $ 100 million income, investors awarded him a 25 times the rounded evaluation multiple.
In addition to Anysphae, which, according to many investors, is the current leader in the category, Codeium is competing with the pool’s edge, the magic, the GitHub co -pilot of Microsoft and many others.
Although it is not clear how Codeuim has negotiated such a rich assessment, sources told Techcrunch that the company did not seek to collect new funds before investors approach it about this round.
CODEIUM tries to distinguish themselves from competitors by targeting companies rather than by individual developers. Last summer, the company told Techcrunch that the free level of its platform was used by more than 1,000 corporate customers, including Andundil, Zillow and Dell.
In November, the company presented Planche editorWho can write part of the code without human involvement, an approach known as agentic AI, or “agent mode”. Others, like the cursor, also Offer a similar feature.
Codeium was founded in 2021 by Varun Mohan and his childhood friend and colleague graduated from MIT, Douglas Chen. Before codeium, Chen was in Meta, where he helped create software tools for VR headsets like the Oculus Quest. Mohan was a leader in technology at Nuro, the autonomous delivery startup, head of the management of the autonomy infrastructure team.
