CosmicTaco

AI Coding Startup Poolside Secures $500M in Series B Funding

CosmicTaco · 2024-10-03T08:58:49.467410+05:30

- AI software development platform, **Poolside**, has raised $500M in a Series B round led by **Bain Capital Ventures**. - The funding round saw participation from **eBay** and **Nvidia**, among others, bringing Poolside's total funding to $626M and its valuation to $3B. - Poolside, founded by former GitHub CTO **Jason Warner** and software engineer **Eiso Kant**, develops AI models to assist with tasks like autocompleting code. - The new funding will be used to bring 10,000 Nvidia GPUs online for future model training and to bolster the company's go-to-market and R&D efforts. - Despite concerns, developers are showing enthusiasm for AI-powered assistive coding tools, with the market projected to be worth $27B by 2032. Source: [Techcrunch](https://techcrunch.com/2024/10/02/ai-coding-startup-poolside-raises-500m-from-ebay-nvidia-and-others/)

AI software development platform, Poolside, has raised $500M in a Series B round led by Bain Capital Ventures.
The funding round saw participation from eBay and Nvidia, among others, bringing Poolside's total funding to $626M and its valuation to $3B.
Poolside, founded by former GitHub CTO Jason Warner and software engineer Eiso Kant, develops AI models to assist with tasks like autocompleting code.
The new funding will be used to bring 10,000 Nvidia GPUs online for future model training and to bolster the company's go-to-market and R&D efforts.
Despite concerns, developers are showing enthusiasm for AI-powered assistive coding tools, with the market projected to be worth $27B by 2032.