AI-powered coding startup Codeium is reportedly raising a new funding round at a staggering $2.85 billion valuation, just six months after its $150M Series C at $1.25B. The round is led by Kleiner Perkins, according to sources.
💵With $40M in annual recurring revenue (ARR), Codeium is valued at nearly 70x ARR, significantly higher than competitors like Anysphere (25x ARR). The startup is carving out its niche by targeting enterprise clients rather than individual developers, with over 1,000 companies like Anduril, Zillow, and Dell using its free tier.
🗓 Founded in 2021 by MIT grads Varun Mohan and Douglas Chen, Codeium is competing with AI coding tools like GitHub Copilot, Poolside, and Magic. Last year, it launched Windsurf Editor, an AI agent that can autonomously write code.
👍Why are investors betting big on Codeium? Will it outpace rivals in the AI coding revolution? Share your thoughts
AI-powered coding startup Codeium is reportedly raising a new funding round at a staggering $2.85 billion valuation, just six months after its $150M Series C at $1.25B. The round is led by Kleiner Perkins, according to sources.
💵With $40M in annual recurring revenue (ARR), Codeium is valued at nearly 70x ARR, significantly higher than competitors like Anysphere (25x ARR). The startup is carving out its niche by targeting enterprise clients rather than individual developers, with over 1,000 companies like Anduril, Zillow, and Dell using its free tier.
🗓 Founded in 2021 by MIT grads Varun Mohan and Douglas Chen, Codeium is competing with AI coding tools like GitHub Copilot, Poolside, and Magic. Last year, it launched Windsurf Editor, an AI agent that can autonomously write code.
👍Why are investors betting big on Codeium? Will it outpace rivals in the AI coding revolution? Share your thoughts
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