Tabnine, a Tel Aviv, Israel-based provider of an AI-powered assistant for developers, raised $25M in Series B funding.
The round, brought the total amount to $55M, was led by Telstra Ventures and included participation from new investors Atlassian Ventures and Elaia. Existing investors Headline, Hetz Ventures, Khosla Ventures, Qualcomm Ventures, and TPY Capital also participated.
The company intends to use the funds to integrate generative AI into the end-to-end software development lifecycle (SDLC), and further build out its sales and global support teams.
Led by CEO Dror Weiss, Tabnine helps development teams of every size use AI to accelerate and improve the software development life cycle. Built with security at the forefront, Tabnine Chat combines the latest large language models (LLMs) with codebase familiarity to both accelerate development and improve the quality and reliability of a developer’s work. Most importantly, it is a generative AI assistant operating at scale that can be deployed securely and privately (either on-premises or via Virtual Private Cloud); respecting the integrity and privacy of each team’s codebase, while ensuring that developers do not incorporate proprietary code from litigious vendors into their codebase.
It has been used by developers around the world to boost code quality and developer satisfaction using generative AI technology.
FinSMEs
08/11/2023