poolside, a San Francisco, CA-based company building capable AI for software development, closed a $500M Series B funding.
The Series B consisted of:
- a portion closed this summer led by Bain Capital Ventures, joined by investors such as DST Global, StepStone Group, Schroders Capital, Premji Invest, Dorsal Capital, BAM Elevate, Adams Street and Fin Capital.
- The round closed this month with participation from a selection of enterprises, including NVIDIA, Citi Ventures, Capital One Ventures, HSBC Ventures, LG Technology Ventures and eBay Ventures.
- Existing investors Felicis Ventures and Redpoint Ventures, who led their Series A of $100M and $26M Seed respectively, also participated.
The capital raised has allowed the company to bring online 10,000 NVIDIA GPUs; will support aggressive go-to-market; and allow further growth of its applied research & engineering organization.
Founded in April ’23 by Jason Warner, former CTO at GitHub, where he incubated Copilot, after leading engineering at Heroku and Canonical; and Eiso Kant, founder of source{d}, the world’s first AI on Code company, poolside is providing AI for software development. Its foundational model, Reinforcement Learning from Code Execution Feedback (RLCEF), gives companies a private and secure alternative that can be used to their environment and that continuously learn from their usage and interactions. Its first product will deliver an intelligent code assistant to developers powered by poolside’s models to accelerate what they can build and ship.
FinSMEs
02/10/2024