AI-coding startup Codeium in talks to raise at an almost $3B valuation, sources say
CodiumAn AI-driven coding startup, increases a new financing round with a rating of $ 2.85 billion, including fresh capital, according to two sources with knowledge of the deal.
The round is led by the return of investors smaller Perkins, the people said.
The new round only came six months after the Codeium established in Silicon Valley that it had concluded a series C of $ 150 million in a $ 1.25 billion post-money rating led by general catalyst with the participation of smaller Perkins and Greenoaks. WAN could not confirm the dollar amount of the new financing.
Codeium and smaller Perkins did not respond to a request for comments.
The company has reached approximately $ 30 million in annual income (ARR), one person said. Based on that turnover figure, the implicit appreciation of Codeium is about 95 times ARC. That is much higher than other AI code processing companies.
Last month, Anysphere, the maker of AI-driven coding assistant cursor, announced a new financing round of financing at a valuation of $ 2.5 billion. Based on the reported $ 100 million in income, investors have one 25 times arration Multiple.
In addition to Anysphere, who, according to many investors, is the current leader in the category, Codeium with poolside, magic, Microsoft’s Github -Copilot and many others competes.
Although it is not clear how Codeuim negotiated with such a rich appreciation, sources WAN told that the company was not looking for new funds before investors approached this round.
Codeium tries to distinguish itself from competitors by focusing on companies instead of individual developers. Last summer the company told WAN that the free level of its platform was used by more than 1,000 Enterprise customers, including Anduril, Zillow and Dell.
In November the company introduced Windsurf -editorWho can write part of the code without human involvement, an approach that is known as agentic AI or ‘agent mode’. Others, such as cursor, too Offer a similar position.
Codeium was founded in 2021 by Varun Mohan and his childhood friend and colleague Mit Grad, Douglas Chen. Prior to Codeium, Chen was at Meta, where he helped with the construction of software tools for VR -headsets such as the Oculus Quest. Mohan was a technical lead at Nuro, the startup of the autonomous delivery, responsible for managing the autonomy infrastructure team.
