The twist is chaired by the return of investor Kleiner Perkins, the people said.
The new rotation just came six months after the Silicon Valley codeium was announced that it closed a $ 150 million series c In a $ 1.25 billion post-money appreciation chaired by General Catalyst with the participation of Kleiner Perkins and Greenoaks. Techcrunch cannot confirm the dollar value of the new fund.
Codeium and Kleiner Perkins did not respond to a request for comment.
The company reached about $ 40 million in the annual revenue revenue (ARR), one said. Based on the income figure, the indicated appreciation of codeium is approximately 70 times ARR. That is higher than other AI code editing companies.
Last month, Anyysphere, the AI-Powered Coding Assistant Cursor manufacturer, announced a new round of financing funding to a $ 2.5 billion appreciation. Based on this reported $ 100 million in income, investors have assigned it a 25 times appreciation in ARR Much.
In addition to anybody, which many investors say is the current leader in the category, Codeium competes with poolside, Magic, Microsoft's Github Copilot, and Many more.
While it is unclear how Codeuim agreed to such a rich appreciation, the resources at TechCrunch said the company was not looking to raise new funds before investors approached about this cycle.
Codeium tries to distinguish itself from competitors by targeting companies than individual developers. Last Tag -Sun, the TechCrunch company said its free tier platform was used by more than 1,000 business customers, including Anduril, Zillow, and Dell.
In November, the company introduced Windsurf editorThat can write some of the code without human involvement, a approach known as Agentic AI, or “Agent Mode.” Others, like cursor, also offer a similar feature.
Codeium was founded in 2021 by Varun Mohan and his childhood friend and fellow MIT grad Douglas Chen. Prior to the codeium, Chen was in the meta, where he helped develop software tools for VR headsets such as the Oculus Quest. Mohan is a tech lead in Nuro, the autonomous delivery of delivery, responsible for managing the autonomy infrastructure team.
