Get the latest tech news

AI-coding startup Codeium in talks to raise at an almost $3B valuation, sources say


Codeium, an AI-powered coding startup, is raising a new round of funding at a $2.85 billion valuation, including fresh capital, according to two sources

Codeium, an AI-powered coding startup, is raising a new round of funding at a $2.85 billion valuation, including fresh capital, according to two sources with knowledge of the deal. The new round comes just six months after Silicon Valley-based Codeium announced that it had closed a$150 million Series C at a $1.25 billion post-money valuation led by General Catalyst with participation of Kleiner Perkins and Greenoaks. While it’s not clear how Codeuim negotiated such a rich valuation, sources told TechCrunch that the company wasn’t looking to raise new funds before investors approached it about this round.

Get the Android app

Or read this on TechCrunch

Read more on:

Photo of sources

sources

Photo of talks

talks

Photo of codeium

codeium

Related news:

News photo

X in talks to raise money at a $44B valuation

News photo

Musk’s X in Talks to Raise Money at a $44 Billion Valuation

News photo

NASA workforce has been cut by 10 percent, and it may be just the beginning. Two sources told Ars that directors at the agency's field centers have been told to prepare options for a "significant" reduction in force in the coming months.