CodeumThe startup coding powered by AI collects a latest funding round with a valuation of $ 2.85 billion, including fresh capital, in accordance with two sources of knowledge about the contract.
The round is run by the recurring investor Kleiner Perkins, said people.
The latest round appears only six months after the codeum from the Silicon Valley announced that it closed $ 150 million C with a price of $ 1.25 billion conducted by General Catalyst with Kleiner Perkins and Greenoaks. TechCrunch couldn’t confirm the amount of the dollar of the latest financing.
Codeium and Kleiner Perkins didn’t answer the request for comment.
One person said that the company has achieved about $ 40 million of annual repetitive revenues (ARR). Based on this revenue, the implied Codeium valuation is about 70 times ARR. This is much higher than other corporations editing AI codes.
Last month, Anysphere, a manufacturer of AI coding assistant, announced a latest funding financing round with a valuation of $ 2.5 billion. On the basis of reported revenues in the amount of $ 100 million 25 -ARR valuation many.
In addition to Kandysphere, which many investors say that they are the current leader in the category, Codeium competes with Baseside, Magic, Microsoft Github Copilot and many others.
Although it is not clear how Codeuim negotiated such a wealthy quote, the sources informed Techcrunch that the company didn’t want to boost latest funds before investors approached this round.
Codeum tries to differentiate from competitors by attacking corporations, not individual programmers. Last summer, the company told Techcrunch that the free level of its platform was used by over 1,000 business clients, including Anduril, Zillow and Dell.
In November, the company introduced Windsurf editorwhich may write part of the code without human involvement, an approach generally known as agentic AI or “agent mode”. Others, equivalent to the cursor, also Offer a similar function.
Codeium was founded in 2021 by Varuna Mohan, his childhood friend and the second Han Mit, Douglas Chen. Before Codeium, Chen was in Meta, where he helped build program tools for VR headphones equivalent to Oculus Quest. Mohan was a technical manager in Nerap, an autonomous delivery start, responsible for managing the autonomy infrastructure team.